News and Announcements
Acquisition of Consumer Engagement Company nTouch Finalised
- Published October 27, 2015 2:35PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th October 2015, ASX Announcement
- YPB completes acquisition of proximity marketing & B2C engagement technology company nTouch
- Excellent product and path to revenue synergies adding to YPB’s CONNECT strategy
- nTouch to provide additional distribution channels within Australia, India & USA
- $4.5 million all scrip acquisition
Anti-counterfeiting technology company YPB Group Limited (ASX:YPB) has signed a Share Sale and Purchase Agreement to acquire all the issued shares of proximity marketing technology company nTouch Holdings Pty Ltd (“nTouch”). The closing date of the transaction is 30 October 2015.
Under the all scrip acquisition nTouch vendors will be issued $4.5 million in fully paid ordinary shares of YPB at $0.35 per share. Of the 12,857, 143 shares issued 7,728,937 will be subject to voluntary escrow for 12 months and 5,128,206 subject to volunrary escrow for 18 months.
To read the full announcement, please click here.
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