Brief: Spectrumone Buys Data Company Å-Data Infosystem AB

Spectrumone AB (publ)

28/08/2020 07:38

Aug 28 (Reuters) - Spectrumone publ AB  SPEONE.ST :
    * SPECTRUMONE ANNOUNCES TODAY THE ACQUISITION OF THE DATA
COMPANY
Å-DATA INFOSYSTEM AB
    * SPECTRUMONE ANNOUNCES TODAY THE ACQUISITION OF THE DATA
COMPANY
Å-DATA INFOSYSTEM AB
    * PURCHASE PRICE IS SEK 10,000,000 AND IS PAID VIA SHARES IN
SPECTRUMONE AB
    * NO ADDITIONAL SHARE ISSUE TO CURRENT SHAREHOLDERS
    * CLOSING IS EXPECTED TO TAKE PLACE ON SEPTEMBER 1, 2020
    * PURCHASE PRICE GIVES AN EBITDA MULTIPLE OF 3 BASED ON
ÅDATA
INFOSYSTEMS AB:S PROFIT OF 2019.
    * SPECTRUMONE AB WILL ACQUIRE 100% OF SHARES IN ÅDATA
INFOSYSTEMS
AB FROM EXISTING OWNERS FOR A TOTAL PURCHASE PRICE OF SEK
10,000,000
    * SHARES TO BE ISSUED AS CONSIDERATION ARE SUBJECT TO A LOCK
UP
CLAUSE IN ACCORDANCE WITH WHICH SELLERS CAN'T SELL MORE THAN 50
% OF SHARES FOR A PERIOD OF 6 MONTHS

Source text for Eikon:  ID:nWkrbgZBTM 
Further company coverage:  SPEONE.ST 

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