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Innofactor Plc Issues New Shares to Pay Final Part of Purchase Price for Bridgeconsulting A/S


Tuesday, 17 Sep 2013 04:20am EDT 

Innofactor Plc announced that in accordance with the agreement signed and published by the Company on June 25, 2012, Innofactor Plc acquired the entire share capital of the Danish company Bridgeconsulting A/S. The acquisition price depended on the target company’s realized EBITDA of the 12 months following the acquisition (July 1, 2012–June 30, 2013). The final purchase price is approximately EUR 2.5 million. Approximately EUR 1.26 million of the purchase price was paid in cash at the beginning of July 2012. In its meeting on September 17, 2013, the Board of Directors of Innofactor decided on a directed issue, which will be used to pay the final part of the purchase price using Company's new shares. In the directed issue, the Company will issue 1,015,372 new shares. The total number of shares of Innofactor Plc will be 35,590,551 after the issued 1,015,372 new shares have been registered in the Trade Register. The new shares will be registered in the Trade Register before end of September 2013. The trading of the new shares in the Helsinki Stock Exchange (NASDAQ OMX Helsinki) is estimated to start on September–October 2013. 

Company Quote

1.02
-0.01 -0.97%
22 Sep 2014