Brief: Kollect To Acquire All Shares In Mashup For SEK 87.7 Mln

Mashup Ireland AB

26/02/2024 08:18

Feb 26(Reuters) - Kollect on Demand Holding AB
 KOLL.ST :
    * SAID ON FRIDAY IT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE
ALL
THE SHARES IN MASHUP PLC FOR PURCHASE PRICE OF ABOUT SEK 87.7
MILLION
    * PURCHASE PRICE TO BE PAID WITH 50,113,986 NEWLY ISSUED
SHARES IN
KOLLECT FOR WHICH PAYMENT SHALL BE MADE IN NON-CASH
CONSIDERATION CONSISTING OF ALL SHARES IN MASHUP
    * NUMBER OF CONSIDERATION SHARES CALCULATED USING A SHARE
PRICE OF
SEK 1.75 PER SHARE; A 25% PREMIUM ON THURSDAY'S CLOSING PRICE
    * FOLLOWING ISSUE, KOLLECT'S EXISTING SHAREHOLDERS WILL HOLD
ABOUT
16% OF SHARES IN CO AND SELLERS WILL HOLD ABOUT 84%
    * SELLERS HAVE AGREED TO ENTER INTO A 12 MONTH LOCK UP
AGREEMENT
FOR THE CONSIDERATION SHARES RECEIVED

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN5wNwB9
 Further company coverage:  KOLL.ST  

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