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VizRT Ltd completes sale of 75.5 pct of Escenic's outstanding share capital


Tuesday, 7 Jan 2014 01:41am EST 

VizRT Ltd:Completes first two tranches of the sale of Escenic to CCI Europe A/S.Says the tranches represent 75.5 percent of the shares outstanding in Escenic.Says the consideration for the first tranche is $2 million and consideration for the second tranche is up to $1 million, depending on Escenic's turnover for financial year 2013.Says under the terms of the definitive purchase agreement, CCI will acquire the final tranche of 24.5 percent on Dec. 31 for a consideration of up to $1 million, depending on Escenic's turnover for financial year 2014. 

Company Quote

3.158
0.053 +1.71%
28 Jul 2014