Brief: Awardit AB (Publ) Entered Into Agreement Regarding Acquisition Of Market2member AB

Awardit AB publ

07/10/2019 15:56

Awardit AB (publ)  AWRD.ST :
    * ENTERED INTO AGREEMENT REGARDING ACQUISITION OF
MARKET2MEMBER AB
    * PURCHASE PRICE FOR M2M IS SEK 13 MILLION
    * AWARDIT - PURCHASE PRICE CONSISTS OF PRELIMINARY PART OF
SEK
9.75 MILLION AND POSSIBLE ADDITIONAL PAYMENT OF SEK 3.25
MILLION, PAYABLE IN 12 MONTHS
    * PARTIES INTEND TO ENTER INTO FINAL ACQUISITION AGREEMENT
IN
NOVEMBER
    * 50% OF PRELIMINARY PURCHASE PRICE TO BE PAID IN NEW
AWARDIT-SHARES, 25% IN CASH AND 25% VIA PROMISSORY NOTE

Source text for Eikon:  ID:nBQN9Rw04X 
Further company coverage:  AWRD.ST