Brief: Koovs Enters Deal For 2-Year Strategic Partner HT Media

HT Media

18/06/2018 07:38

June 18 (Reuters) - Koovs Plc  KOOV.L :
    * STRATEGIC AGREEMENT HT MEDIA & CAPITAL RAISING
    * SAYS ENTERED INTO A CONDITIONAL AGREEMENT FOR A 2-YEAR,
£24.0
MILLION MEDIA DEAL WITH STRATEGIC PARTNER HT MEDIA LIMITED
    * SAYS COMPANY WILL ACQUIRE FOUR £6 MILLION TRANCHES OF
MEDIA FROM
HT MEDIA AT SIX MONTHLY INTERVALS OVER A TWENTY-FOUR-MONTH
PERIOD
    * SAYS AGREEMENT IS CONDITIONAL UPON AN INITIAL CASH RAISE
OF AT
LEAST £6 MILLION BY COMPANY

Source text for Eikon:  ID:nRSR6250Ra 
Further company coverage:  KOOV.L 

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