News and Announcements
Crowd Mobile Signs Share Purchase Agreement for Track Concepts Acquisition
- Published September 18, 2015 4:22PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
17th September 2015, ASX Announcement
Crowd Mobile (ASX: CM8 & FWB-XETRA : CM3) is pleased to announce that it has signed a binding Share Purchase Agreement (SPA) with the vendors of Netherlands-based Track Holdings (Track Concepts).
The key terms of the SPA are as follows:
- Total Initial Consideration of €22.4m (AUD$35.5m) which is represented by
– €18.7m (AUD$35.5m) Initial Consideration being €17.0m cash and €1.7m shares (as 15.3 million ordinary shares in CM8 with an issue price of AUD16.3 cents escrowed for 12 months
– €3.7m (AUD$5.8m) Initial Consideration for Net Tangible Assets (NTA); - Vendors services retained under contract until May 2016
To read the full announcement, please click here.
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