News and Announcements
Crowd Mobile Complete Track Acquisition
- Published November 02, 2015 4:49PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
30th October 2015, ASX Announcement
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3) (Crowd Mobile or the Company) is pleased to advise that its acquisition of 100% of the share capital in Track Holdings B.V (Track Acquisition) has been completed. As a result, Track Holdings B.V is now a wholly-owned subsidary of Crowd Mobile, and forms part of the Crowd Mobile group of companies.
As part consideration for the Track Acquisition, the Company has issued shares in Crowd Mobile to the vendors of Track Holdings B.V. The shares are subject to voluntary escrow for a period of 12 months from their date of issue. Crowd Mobile will apply for quotation of the consideration Shares in the Appendix 3B to follow shortly.
To read the full announcement, please click here.
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