26 Mar ASX ANNOUNCEMENT: Settlement of Cohort Earn Out and OCP Requisition
Pureprofile Limited (ASX: PPL or the Company) is pleased to advise that it has settled all outstanding matters with the vendors of the Cohort business.
Under the terms of settlement, the Company has paid to the Cohort vendors a full and final sum of $1 million for the remaining Cohort earn out consideration. In consultation with OCP Shelf 2 Pty Ltd (OCP), the Board will also look to appoint an additional director and the request by OCP to convene a shareholders meeting (announced to the ASX on 6 March 2018) has been withdrawn.
This brings to a conclusion all matters in relation to the Cohort acquisition.