Brief: Intellego Technologies Acquires Daro Group, Expands In UK

Intellego Technologies AB

23/08/2022 07:38

Aug 23 (Reuters) - Intellego Technologies AB  INTE.ST :
    * EXPANDS IN UK VIA ACQUISITION OF DARO GROUP
    * TO FINANCE ACQUISITION WITH CASH AND SHARES
    * TO MAKE FIRST PAYMENT TO DARO GROUP AT BEGINING OF 2023
-GBP 3.5
MILLION IN CASH, GBP 1.5 MILLION IN INTELLEGO SHARES
    * TO PAY GBP 0.75 MILLION 12 MTHS AFTER FIRST PAYMENT, GBP
0.75
MILLION 24 MTHS AFTER FIRST PAYMENT
    * POTENTIAL EARN-OUT PAYMENT IS OF GBP 1 MILLION IN CASH,
GBP 2.5
MILLION IN INTELLEGO SHARES

Source text for Eikon:  ID:nMFN4GbBmy 
Further company coverage:  INTE.ST 

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