Brief: Thunderful Group Enters Agreement On Changes Of Additional Earn-Out Component For Acquisition Of Coatsink Software Ltd

Thunderful AB

14/10/2022 21:07

Oct 14 (Reuters) - Thunderful Group Ab  THUNDR.ST :
    * THUNDERFUL GROUP ENTERS INTO AN AGREEMENT REGARDING
CHANGES OF
ADDITIONAL EARN-OUT COMPONENT IN RELATION TO THE ACQUISITION OF
COATSINK SOFTWARE LTD
    * THUNDERFUL GROUP ENTERS INTO AN AGREEMENT REGARDING
CHANGES OF
ADDITIONAL EARN-OUT COMPONENT IN RELATION TO THE ACQUISITION OF
COATSINK SOFTWARE LTD
    * SAYS IN ADDITION TO INITIAL CONSIDERATION, THERE WAS
POSSIBILITY
OF ADDITIONAL EARN-OUT COMPONENTS OF MGBP 42.5
    * THUNDERFUL GROUP -ADDITIONAL EARN-OUT COMPONENTS TO BE
PAID
PROVIDED CERTAIN AGREED-UPON FINANCIAL TARGETS WERE MET ON A
YEARLY BASIS IN 2021 AND 2022
    * THUNDERFUL GROUP - CHANGE IN ADDITIONAL EARN-OUT
COMPONENT,
CHANGE THAT WAS COMMUNICATED ON AUG 22 WILL HAVE A NEUTRAL
IMPACT ON Q3 OPERATING PROFIT

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