Idox PLC - Reading, England-based supplier of information management software for public and ‘asset intensive’ sectors - Issues 814,336 new shares at one penny each as part of the third earn-out consideration regarding its acquisition of Aligned Assets Ltd, originally announced back in June 2021. Says the earn-out consists of £500,000 in cash, which will be paid in full on June 14. The total consideration of the acquisition was £10.5 million, of which £7.5 million was paid in cash. The total earn-out consideration was made up of a payment of £1.5 million in cash and 2.4 million shares, payable over a 24-month period.
Current stock price: 68.80, down 0.3% on Tuesday
12-month change: up 12%
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