Brief: Tesserent Announces Acquisition Of Loop Secure

Tesserent

19/08/2021 02:18

Aug 19 (Reuters) - Tesserent Ltd  TNT.AX :
    * ANNOUNCES ACQUISITION OF LOOP SECURE
    * CONSIDERATION FOR ACQUISITION OF LOOP SECURE WILL BE A MIX
OF
CASH AND TNT SHARES, BEING A$9M IN CASH
    * ACQUISITION IMMEDIATELY EARNINGS, CASH FLOW AND EPS
ACCRETIVE
    * TESSERENT - DEAL CONSIDERATION ALSO INCLUDES 15.9M SHARES
AT A
14-DAY VWAP OF A$0.28
    * DEAL CONSIDERATION ALSO INCLUDES 15.9M SHARES AT A 14-DAY
VWAP
OF A$0.28

Source text for Eikon:  ID:nASX3cYtpy 
Further company coverage:  TNT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))