Avidly pays additional purchase price on the Netpress GmbH acquisition in advance and directs a new share issue to the sellers of Netpress GmbH
Avidly Plc inside information 23 July 2020 at 1:15 p.m. EETThe Board of Directors of Avidly Plc (the “Company” or “Avidly”) has decided on amendments to the 2019 acquisition agreement of NetPress GmbH (“Netpress”) due to Netpress’ good performance in the past 12 months. The amendments concern the grounds for and timing of the payment of the additional purchase price. In addition, the Board of Directors has decided on a directed share issue to the sellers of Netpress to speed up the integration process and to commit the sellers of Netpress more strongly to Avidly Group.