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NSP - Neosperience SpA News Story

€5.7 0.4  8.4%

Last Trade - 4:35pm

Sector
Technology
Size
Micro Cap
Market Cap £38.3m
Enterprise Value £44.3m
Revenue £15.1m
Position in Universe 501st / 737

BRIEF-Neosperience Buys 51% Of Rhei For EUR 950,691

Mon 29th November, 2021 6:09am
Nov 29 (Reuters) - Neosperience SpA  NSP.MI :
    * ACQUIRES CONTROL (51%) OF RHEI S.R.L.
    * RHEI IS  SOFTWARE COMPANY SPECIALISED IN CUSTOMER
RELATIONSHIP 
MANAGEMENT
    * INITIAL PURCHASE OF 51% OF RHEI'S SHARE CAPITAL BY NSP FOR
EUR
950,691
    * UPON APPROVAL OF FY FINANCIAL STATEMENTS, SELLING
SHAREHOLDERS
WILL  BE GRANTED POSSIBLE EARN-OUT, BASED ON FORMULA LINKED TO
2021 EBITDA WITH MULTIPLE OF 6
    * OPTION TO PURCHASE REMAINING 49% BY JUNE 2022, FOR AMOUNT
CALCULATED BASED ON  EBITDA 2021
    * PUT OPTION WILL  ONLY BE TRIGGERED UPON REACHING EBITDA
2021 OF
MORE THAN EUR 400,000

Further company coverage:  NSP.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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