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Coms Plc Announces Acquisition And Related Party Transaction


Wednesday, 12 Jun 2013 02:05am EDT 

Coms Plc announced that it has acquired the entire issued share capital Premium O Limited (Premium O) for a consideration of GBP1,800,000 payable entirely in Coms ordinary shares of GBP0.01 (Ordinary Shares) at a price of GBP0.03 per share. The consideration will comprise an initial consideration of 80%, with 20% deferred until Premium O has generated for Coms an additional gross margin of a least GBP55,000 per month for at least three months. Once this condition has been satisfied, the issue of the shares is at the option of the individual Premium O shareholders. 

Company Quote

4.47
0.075 +1.73%
14 Jul 2014