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CTAC - Ctac NV News Story

€4.21 0.0  0.0%

Last Trade - 21/01/22

Sector
Technology
Size
Micro Cap
Market Cap £48.0m
Enterprise Value £56.8m
Revenue £81.1m
Position in Universe 612th / 851

BRIEF-Ctac Signs Letter Of Intent To Acquire 70% Stake In Purple Square

Tue 17th December, 2019 5:54pm
Dec 17 (Reuters) - Ctac NV  CTAN.AS :
    * SIGNED A LETTER OF INTENT WITH A VIEW TO THE ACQUISITION
OF 70%
OF THE SHARES IN PURPLE SQUARE MANAGEMENT PARTNERS
    * PURPLE SQUARE RECORDS ANNUAL REVENUE OF MORE THAN EUR 5
MILLION
AND WILL CONTRIBUTE TO THE GROWTH OF OUR CONSULTANCY ACTIVITIES
AS OF FY 2020 - CFO
    * PURPLE SQUARE’S FOUNDER, WIL DANIELS, WILL REMAIN INVOLVED
IN
PURPLE SQUARE AND WILL CONTINUE TO HOLD A MINORITY STAKE IN THE
COMPANY, WHICH SAFEGUARDS HIS ENGAGEMENT
    * WILL SETTLE THE MAJORITY OF THE ACQUISITION IN CASH
    * ACQUISITION WILL ALSO CONTRIBUTE TO CTAC’S EBITDA AND
EARNINGS
PER SHARE - CFO
    * PARTIES HAVE REACHED AGREEMENT ON THE ACQUISITION OF THE
REMAINING MINORITY STAKE IN THREE YEARS’ TIME
    * ACQUISITION OF THE 70% STAKE IS EXPECTED TO BE COMPLETED
IN
MID-JANUARY 2020
    * PURPLE SQUARE WILL CONTINUE TO OPERATE AS AN INDEPENDENT
PART OF
CTAC

Source text: https://bit.ly/2Mk3CMv
Further company coverage:  CTAN.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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