22 Nov ASX ANNOUNCEMENT: Deferred consideration for sale of media trading business to be received in shares
Pureprofile Limited (ASX: PPL or the Company) refers to the ASX announcement dated 4 October 2018 relating to the sale of its media trading business.
The Company advises that the purchaser has elected to pay the deferred consideration of $400,000 in Pureprofile shares, by way of a selective share buy-back, subject to approval at the Company’s upcoming AGM.
If the selective share buy-back is approved, the Company will receive and cancel 2,969,562 ordinary shares on issue.
The Company’s AGM will be held on 30 November 2018.
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