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1Spatial PLC Announces Acquisition Of Additional 14.86% Of Star-Apic

Wednesday, 29 May 2013 07:25am EDT 

1Spatial PLC announced that it has entered into a conditional agreement to purchase a further 14.86% of the issued share capital of Star-Apic from Meusinvest S.A (Meusinvest), based on the same valuation terms as the initial purchase agreement, announced on May 24 of its intention to acquire 75.14% of the Company. If the conditions are satisfied, this will take the Company's total holding in Star-Apic to 90.00%. Meusinvest will keep a 10.00% shareholding and a representative on the Board of Star-Apic. 

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