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Poynting Holdings Ltd announces acquisition of Radio Network Solutions Proprietary Limited

Wednesday, 16 Jul 2014 01:05am EDT 

Poynting Holdings Ltd:Enters into Heads of Agreement (HoA) with Radio Network Solutions Proprietary Limited (RNS), Graham Diss, Richard Hill, Willie Keulder and Neil Nordgaard (sellers), to acquire 100 pct of issued share capital of RNS from sellers.Total purchase consideration of 110 mln rand to be settled by way of 60 mln rand in cash and issue of 18,181,818 Poynting shares at issue price of 275 cents per share.As well as additional earn-out amount, limited to maximum of 10.2 mln rand to be settled in cash or in Poynting shares. 

Company Quote

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21 Oct 2014