S-Ventures PLC PULSIN: ADJUSTMENT OF PURCHASE CONSIDERATION (2266P)
17 6월 2022 - 3:00PM
UK Regulatory
TIDMSVEN
RNS Number : 2266P
S-Ventures PLC
17 June 2022
17 June 2022
S-VENTURES PLC
("S-Ventures" or the "Company")
PULSIN ACQUISITION: ADJUSTMENT OF PURCHASE CONSIDERATION
Further to our announcement of 26 July 2021 with respect to the
acquisition of Pulsin Limited ("Pulsin"), S-Ventures and the
vendors of Pulsin have agreed certain adjustments to the purchase
consideration to be delivered in respect of the acquisition. The
combined effect of these adjustments is to cap future potential
cash consideration to GBP400,000 and to lower the effective
acquisition cost from the original GBP6.7 million to GBP5.5
million, based on the closing mid-market share price at the time of
the agreement.
The original projected consideration of GBP6.7 million was to be
delivered via the combination of GBP1.95 million in cash, GBP2.06
million in loan notes ("Loan Notes"), the issue of 12,176,810 new
ordinary shares in the Company and the issuance of 3,000,000
deferred shares based on Pulsin's sales performance.
The new agreement on purchase consideration means the Loan Notes
have been fully satisfied by the issue of 2,642,856 new ordinary
shares in the Company, an immediate cash payment of GBP300,000 and
a deferred cash payment of GBP100,000 in December 2022.
Admission and Total Voting Rights
The application will be made for the 2,642,856 new o rdinary
shares being issued immediately to be admitted to trading on the
Access segment of the AQSE Growth Market ("Admission"). Admission
is expected to become effective on, or around, 22 June 2022.
Following the Admission of the new ordinary shares, the issued
share capital of the Company will be 122,445,799 Ordinary Shares.
This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interests in, or change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
The Company
Robert Hewitt (Chief Financial
Officer)
Scott Livingston (Chief Executive
Officer) +44 (0) 1932 400 224
AQSE Corporate Adviser and
Broker:
VSA Capital Limited
Andrew Raca - Corporate Finance
Andrew Monk - Corporate Broking +44 (0) 20 3005 5000
---------------------
IFC Advisory (Financial PR)
Graham Herring
Tim Metcalfe
Florence Chandler +44 (0) 20 3934 6630
---------------------
About S-Ventures
S-Ventures is listed on UK AQUIS Exchange (Ticker Code "SVEN").
The Company seeks to identify investment opportunities in the
health & wellness, organic food and wellbeing sectors within
the UK and Europe, adding value by providing capital and expertise
to the target companies. The experience and operational skills of
the Board led by Scott Livingston (CEO) are intended to act as an
accelerator to smaller brands that have a solid foundation and
platform but may lack the skills and capital. The main objectives
are to cross-fertilise opportunities between the target companies
and scale the individual entities and look for exit opportunities
and/or synergistic collaborations through scaling we seek to create
significant value for all stakeholders. Since listing on AQSE in
September 2020, the Company has acquired significant interests in
seven companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NEXEADKKFDKAEAA
(END) Dow Jones Newswires
June 17, 2022 02:00 ET (06:00 GMT)
SVentures (AQSE:SVEN)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
SVentures (AQSE:SVEN)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024