22 Aug ASX ANNOUNCEMENT: Cohort Acquisition – Final Earn Out Payment
Pureprofile Limited (ASX: PPL or the Company) wishes to advise the Further Shares and Earn Out Consideration payable to the vendors of the Cohort acquisition, following the conclusion of the Earn Out Period on 30 June 2017.
The Company confirms the following:
- PPL will issue 8,888,889 shares to the vendors at a share price of $0.45 per share. These shares will be escrowed until 6 May 2018; and
- PPL will pay an amount of $4,590,317 cash to the vendors.
The Company also wishes to advise that it will deliver its FY2017 results presentation on 30 August 2017. Dial-in details will be provided shortly.