News and Announcements
Crowd Mobile Track Acquisition Update
- Published October 23, 2015 4:55PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
23rd October 2015, ASX Announcement
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3) (Crowd Mobile or the Company) is pleased to confirm that all conditions precedent to the completion of the acquisition of 100% of the share capital in Track Holdings B.V. (Track Acquisition) under the share purchase agreement (SPA) have been met except for the completion of financial settlement which will occur at closing next week.
The Company is also pleased to advise that it has entered into variation to the existing SPA (Variation) to enable the immediate finalisation of the Track Acquisition. The key terms of the SPA are provided below.
To read the full announcement, please click here.