Aferian PLC Contingent consideration payment from acquisition (0208D)
17 Outubro 2022 - 3:00AM
UK Regulatory
TIDMAFRN
RNS Number : 0208D
Aferian PLC
17 October 2022
RNS
17 October 2022
AFERIAN PLC
("Aferian", the "Company" or the "Group")
Contingent consideration payment from acquisition
Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions
company, today announces that the remaining contingent
consideration in relation to the 24i Unit Media A/S (formerly
Nordija A/S) acquisition in May 2021 has become payable.
Following successful completion of the remaining targets
associated with the contingent consideration, the Company will pay
a final amount of EUR117,000 ($113,490), of which EUR26,910
($26,103) will be settled in cash. The remaining EUR90,090
($87,387) will be settled through the issue of 52,769 new ordinary
shares of 1p each in the capital of the Company ("Ordinary Shares")
at the price agreed at the date of the original acquisition of 148
pence per Ordinary Share (the "Contingent Consideration Shares").
The Contingent Consideration Shares have a lock-in period of 24
months from the date of the original acquisition.
Issue of Equity
Application has been made for the admission of the Contingent
Consideration Shares to trading on the AIM market of London Stock
Exchange plc ("Admission"). It is expected that Admission will take
place at or around 8.00am (London time) on 21 October 2022. The
Contingent Consideration Shares will, when issued, be credited as
fully paid and will rank pari passu in all respects with the
Company's existing issued Ordinary Shares.
On Admission, the Company will have 86,694,609 Ordinary Shares
in issue (including 1,482,502) Ordinary Shares held in treasury).
Therefore, the total number of voting rights in the Company is
85,212,107. This number may be used by shareholders as the
denominator for the calculation by which they may determine if they
are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
For further information please contact:
Aferian plc +44 (0)1223 598197
Mark Wells, Chairman
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
Investec plc (NOMAD and Broker) +44 (0)20 7597 5970
David Anderson / Patrick Robb / Nick Prowting
/ Cameron MacRitchie
FTI Consulting LLP (Financial communications) +44 (0)20 3727 1000
Matt Dixon / Tom Blundell
About Aferian plc
Aferian plc (AIM: AFRN) is a B2B video streaming solutions
company. Our end-to-end solutions bring live and on-demand video to
every kind of screen. We create the forward-thinking solutions that
our customers need to drive subscriber engagement, audience
satisfaction, and revenue growth.
It is our belief that successful media companies and services
will be those that are most consumer-centric, data driven and
flexible to change. We focus on innovating technologies that enable
our customers to stay ahead of evolving viewer demand by providing
smarter, more cost-effective ways of delivering end-to-end modern
TV and video experiences to consumers. By anticipating
technological and behavioural audience trends, our software
solutions empower our customers to heighten viewer enjoyment, drive
growth in audience share and ultimately their profitability.
Aferian plc has two operating companies: 24i, which focusses on
streaming video experiences, and Amino, which connects Pay TV to
streaming services. Our two complementary companies combine their
products and services to create solutions which ensure that people
can consume TV and video how and when they want it. Our solutions
deliver modern TV and video experiences every day to millions of
viewers globally, via our growing global customer base of over 500
service providers.
Aferian plc is traded on the London Stock Exchange's AIM stock
market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the
Company has over 350 staff located in 11 offices, including in such
major European cities as Amsterdam, Helsinki, Copenhagen and Brno,
as well as in San Francisco and Hong Kong. For more information,
please visit www.aferian.com .
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END
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