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BRIEF-Ideagen plc announces conditional acquisition of PleaseTech
March 23, 2017 / 8:23 AM / 9 months ago

BRIEF-Ideagen plc announces conditional acquisition of PleaseTech

March 23 (Reuters) - Ideagen Plc:

* Announce conditional acquisition of PleaseTech for an initial net consideration of 10 mln pounds

* Potential further consideration of up to 2 mln pounds dependent on attainment of specified performance targets in six months after completion

* Initial upfront consideration for acquisition will be financed by an oversubscribed placing to raise 10 mln pounds at 75 pence per new share Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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