March 31, 2017 / 6:27 AM / 5 months ago

BRIEF-Catena Media secures long term cooperation with SBAT founder Gary Gillis

March 31 (Reuters) - CATENA MEDIA PLC:

* CATENA MEDIA SECURES LONG TERM COOPERATION WITH SBAT FOUNDER GARY GILLIS

* CATENA MEDIA AND GARY GILLIS HAVE MUTUALLY AGREED TO AMEND TERMS AND CONDITIONS OF THEIR PREVIOUS AGREEMENT TO PROVIDE BEST LONG TERM VALUE FOR BOTH PARTIES

* 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 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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