Brief: Thunderful Acquires Robot Teddy

Thunderful AB

27/10/2021 06:49

Oct 27 (Reuters) - Thunderful Group AB  THUNDR.ST :
    * THUNDERFUL ACQUIRES ROBOT TEDDY TO CREATE NEW INVESTMENT
PILLAR
"THUNDERFUL INVESTMENT"
    * THUNDERFUL GROUP PAYS AN INITIAL CASH CONSIDERATION OF GBP
7.0
MILLION ON A CASH- AND DEBT-FREE BASIS
    * FURTHERMORE, SELLERS SHALL RECEIVE GBP 3.0 MILLION TO
RE-INVEST
IN THUNDERFUL GROUP BY WAY OF A DIRECT ISSUE OF 575.338 NEW
SHARES
    * TOTAL MAXIMUM CONSIDERATION FOR ACQUISITION IS THEREFORE
GBP
22.0 MILLION (ON A CASH AND DEBT FREE BASIS)

Source text for Eikon:  ID:nWkr3J7NvZ 
Further company coverage:  THUNDR.ST 

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