Business
Additional information regarding acquisitions
Additional information regarding acquisitions.
About this update from Tracsis Plc
[{"type":"text","content":"\n \nRNS Number : 2511E Tracsis PLC 08 February 2018 \n\nTracsis plc\n(\"Tracsis\" or the \"Group\")\n \nAdditional information regarding acquisitions\n \nFurther to the announcements made on 1 February 2018, Tracsis wishes to provide the following additional information regarding the acquisitions.\n \nThe consideration comprised:\n \n1. An initial cash payment of £1.75m;\n2. The issue of 28,571 Ordinary Shares in Tracsis at a total value of £0.15m;\n3. An additional cash payment in respect of net current assets (yet to be calculated) of up to £0.25m; and\n4. Contingent deferred cash consideration of up to £4.7m, payable annually based on the significant growth in performance of the acquisitions over a three year period.\n \nAs at 30 September 2017, the gross assets subject to the transaction were £0.4m.\n \nTracsis confirms the ordinary shares in relation to the vendor equity consideration have been issued at 525.0p, the closing price as at 31 January 2018.\n \nTracsis would like to make it clear that the size of the transaction falls significantly below all of the disclosure thresholds for corporate transactions under AIM Rule 12.\n \n \nFor more information please contact:\n\n\n\n\nJohn McArthur/Max Cawthra, Tracsis plc\n\n\nvia Investec\n\n\n\n\nAndrew Pinder/Seb Lawrence, Investec Bank plc\n\n\nTel: 020 7597 4000\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQDDGDDSUGBGIR\n ","length":2702,"tagName":"div"}]