Brief: Toadman Interactive Enters Into An Agreement To Acquire Sold Out

Enad Global 7 AB (publ)

26/11/2019 18:23

Nov 26 (Reuters) - Toadman Interactive AB (publ)  TOAD.ST :
    * TOADMAN INTERACTIVE ENTERS INTO AN AGREEMENT TO ACQUIRE
SOLD OUT
    * CONSIDERATION IS COMPRISED OF A CASH PAYMENT AND SHARES IN
TOADMAN
    * TOADMAN INTERACTIVE -TO BUY 100 % OF SHARES IN SOLD OUT
FOR
CONSIDERATION OF GBP 16 MILLION, PLUS ADDITIONAL CONSIDERATION
OF UP TO GBP 5.2 MILLION
    * BOARD OF DIRECTORS HAS ALSO RESOLVED TO CONDUCT A TAP
ISSUE
UNDER TOADMAN'S OUTSTANDING BOND LOAN
    * TOADMAN INTERACTIVE -AFTER TRANSACTION, GARRY WILLIAMS AND
JAMES
CATO WILL HOLD ABOUT 4.5 % EACH OF TOTAL NUMBER OF OUTSTANDING
SHARES IN TOADMAN

Source text for Eikon:  ID:nWkr8FS3SV 
Further company coverage:  TOAD.ST 

 ((Reuters.Briefs@thomsonreuters.com;))