Catena Media secures long term cooperation with SBAT founder Gary Gillis
Catena Media and Gary Gillis have mutually agreed to amend the terms and conditions of their previous agreement to provide the best long term value for both parties. The former earn-out agreement will be replaced by an immediate payment of EUR 3,254,000 where EUR 2,000,000 to be invested in Catena Media shares.Gary Gillis will be fully employed by Catena Media and will thereby be part of the long-term development of the company. Gary Gillis will have a lock-up period of two years on the shares he commits to purchase according to the new agreement. Catena Media acquired UK-based SBAT, a