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YPB to Acquire nTouch to Leverage Outstanding B2B Consumer Engagement Opportunity

  • Published August 26, 2015 4:40PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

26th August 2015, ASX Announcement

Highlights:

  • YPB to acquire proximity marketing & B2C engagement technology company nTouch with high profile investors including cricket hall of fame inductee Steve Waugh
  • Excellent product and path to revenue synergies
  • nTouch to provide additional distribution channels within Australia, India & USA
  • $4.5 million scrip acquisition based on YPB share price of $0.35

Anti-counterfeiting technology company YPB Group Limited (ASX:YPB)has signed a letter of intent to acquire all the issued shares of proximity marketing technology company nTouch Holding Pty Ltd (“nTouch”).

Under all the scrip acquisition nTouch will be issued $4.5 million in fully paid ordinary shares of YPB at $0.35 per share. The newly issued shares will be subject to voluntary escrow on term to be agreed.

To read the full announcement, please click here. 

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