Brief: Catena Media Agrees To Amend Final Terms For US Assets Acquired In December 2016

Catena Media

23/12/2019 15:15

Dec 23 (Reuters) - Catena Media PLC  CATME.ST :
    * HAS AGREED WITH SELLERS OF U.S. ASSETS ACQUIRED IN
DECEMBER 2016
TO AMEND FINAL EARN-OUT TERMS
    * FINAL EARN-OUT PAYMENT CORRESPONDS TO A TOTAL OF USD
19,386,876,
30% OF WHICH WILL BE PAID IN CASH IN APRIL 2020, AND 70% OF
WHICH WILL BE PAID THROUGH A SHARE ISSUE, TO BE MADE TO SELLERS
AS SOON AS POSSIBLE IN 2020
    * WITH ACQUISITION SETTLED, AIM IS TO OPERATE WITHIN RANGE
IN 2020

Source text for Eikon:  ID:nNDL2lCCCT 
Further company coverage:  CATME.ST 

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