Brief: Immotion Group Enters Deal For Sale Of LBE Business, C.2K Entertainment

Huddled

02/02/2023 07:35

Feb 2 (Reuters) - Immotion Group PLC  IMMOI.L :
    * IMMOTION GROUP - ENTERED CONDITIONAL SALE AND PURCHASE
DEAL FOR
SALE OF LOCATION BASED ENTERTAINMENT BUSINESS & C.2K
ENTERTAINMENT TO LBE BIDCO INC
    * IMMOTION GROUP - PROPOSED TRANSACTION FOR ENTERPRISE VALUE
OF
$25.2 MILLION ON A CASH FREE/DEBT FREE BASIS
    * IMMOTION GROUP PLC - INTENDED RETURN OF MAJORITY OF LBE
SALE
PROCEEDS TO SHAREHOLDERS
    * IMMOTION GROUP PLC - AFTER DISPOSALS, ROD FINDLEY WILL
REMAIN
WITH LBE BUSINESS AND STEP DOWN AS A DIRECTOR OF CO

Source text for Eikon:  ID:nRSB6582Oa 
Further company coverage:  IMMOI.L 
 ((Reuters.Briefs@thomsonreuters.com;))