Brief: Unifiedpost Settles Earn-Out Obligations To Former Crossinx Shareholders

Banqup SA

21/10/2022 06:06

Oct 21 (Reuters) - UNIFIEDPOST GROUP SA  UPG.BR :
    * SETTLES EARN-OUT OBLIGATIONS TO FORMER CROSSINX
SHAREHOLDERS
    * PARTIES HAVE DECIDED TO REPLACE ANY POTENTIAL OBLIGATIONS
BY
COMPANY TO FORMER CROSSINX SHAREHOLDERS IN RESPECT OF ANY
EARN-AMOUNT BY A ONE-TIME FIXED PAYMENT OF EUR 4.829.792,94 IN
AGGREGATE
    * AS ONE-TIME PAYMENT IS FULLY SETTLED IN SHARES OF
UNIFIEDPOST,
THERE IS NO CASH PAYMENT BY COMPANY
    * AT AN ISSUANCE PRICE OF EUR 3,78 PER SHARE, THIS
CORRESPONDS TO
1.277.723 NEW SHARES WHICH HAVE BEEN ISSUED BY COMPANY ON 20
OCTOBER 2022

Source text for Eikon:  ID:nGNE8zWxtd 
Further company coverage:  UPG.BR 
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