Business
Acquisition, Proposed Placing and Notice of GM
Acquisition, Proposed Placing and Notice of GM.
About this update from Brave Bison Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5314I\n Brave Bison Group PLC\n 13 August 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER, THIS \"ANNOUNCEMENT\") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n 13\n August \n 2021\n \n \n \n \n \n Brave Bison Group plc\n \n \n (\"Brave Bison\", the \"Company\" and together with its subsidiaries the \"Group\")\n \n \n \n \n \n Acquisition of Greenlight\n \n \n \n \n \n Proposed Placing of Ordinary Shares \n \n \n \n \n \n and \n \n \n \n \n \n Notice of General Meeting\n \n \n \n \n \n Brave Bison Group plc (AIM: BBSN),\n \n the social media and marketing group\n ,\n is pleased to announce that it has entered into a conditional agreement to acquire the entire issued share capital of Greenlight Digital Limited and Greenlight Commerce Limited \n (together, \"Greenlight\") \n for an aggregate consideration of c.£6.8 million (the \"Acquisition\").\n \n \n \n \n \n Greenlight is a digital advertising and technology company with more than 120 employees in the UK and across Eastern Europe. Greenlight works with blue-chip brands and omni-channel retailers on digital advertising and eCommerce technology systems. Current Greenlight clients include Dixons Carphone, Muller, GAP, Furniture Village and New Balance.\n \n \n \n \n \n Brave Bison also announces that, in order to finance the Acquisition, the Company has conditionally raised gross proceeds of c.£6.2 million by way of a placing \n of \n 455,555,560 \n new ordinary shares of 0.1 penny each in the Company (\"Ordinary Shares\") at a price of \n 1.35...