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CentralNic completes acquisition of Instra

By BFN News | 11:45 AM | Thursday 14 January, 2016


CentralNic has confirmed that, further to the announcement made on 8 December 2015, it has completed the acquisition of Instra Group. As part of the consideration payable under the terms of the Acquisition, CentralNic will issue 3,656,450 Ordinary Shares of 0.1 pence to the vendor of Instra Group, representing 3.82% of the enlarged share capital post admission. The Consideration Shares will be subject to a lock in for a period of 12 months from completion (subject to the customary exemptions), followed by an orderly market arrangement for an additional 180 days. At 11:45am: (LON:CNIC) Centralnic Group Plc share price was 0p at 51.5p Story provided by StockMarketWire.com

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