Brief: Vertiseit Buys Digital Signage Company Grassfish

Vertiseit AB (publ)

27/05/2021 14:08

May 27 (Reuters) - Vertiseit AB (publ)  VERTb.ST :
    * VERTISEIT ACQUIRES GRASSFISH – BECOMES THE EUROPEAN LEADER IN RETAIL DIGITAL SIGNAGE
    * GRASSFISH WILL BE INCORPORATED INTO VERTISEIT'S CONSOLIDATED FINANCIAL STATEMENTS AS OF
JUNE
2021.
    * CLOSING DAY TODAY 27 MAY 2021
    * PURCHASE PRICE IS BASED ON AN ENTERPRISE VALUE OF EUR 13.5 MILLION
    * PURCHASE PRICE IS PAID PARTLY THROUGH NEWLY ISSUED B-SHARES IN VERTISEIT AND PARTLY
THROUGH CASH
PAYMENT
    * VALUE OF PURCHASE PRICE PAID IN NEW SHARES IS SEK 34.0 MILLION, CASH PAYMENT WILL BE OF
SEK
102.9 MILLION

Source text for Eikon:  ID:nMFNb4vSmV 
Further company coverage:  VERTb.ST 

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