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Nasstar Plc to acquire hosted desktop and managed services provider


Tuesday, 17 Dec 2013 02:00am EST 

Nasstar Plc:Proposes acquisition of Denara Holdings Limited, a holding company for its sole operating subsidiary, e-know.net, a hosted desktop and managed services provider.Says the acquisition would be carried out for an aggregate consideration of 13.0 million pounds, including cash payment of 9 million pounds and 4 million pounds paid in new ordinary shares.Says in order to fund the cash element of the acquisition, related costs and additional working capital, the company has conditionally raised 10.5 million pounds at a price of 5 pence per ordinary share.Says the acquisition constitutes a reverse takeover under Rule 14 of the AIM Rules for Companies and accordingly requires shareholder approval. 

Company Quote

8.875
0.0 +0.00%
19 Dec 2014