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BRIEF-Frisq acquires digital technology platform, establishes new business
February 13, 2017 / 7:22 AM / 7 months ago

BRIEF-Frisq acquires digital technology platform, establishes new business

Feb 13 (Reuters) - Frisq Holding AB (publ):

* Acquires digital technology platform, establishes new business area as well as carries out private placement of 50 million Swedish crowns

* Purchase price consists of 2 million crowns and 100,000 shares as well as investment commitment of about 30 million crowns and potential earn-out of up to 1.1 million shares during five-year period

* Acquisition is financed through directed share issue of 50 million crowns

* To issue up to 2.4 million shares in private placement at subscription price 20.80 crowns per share

* Through acquisition, Frisq establishes new business area, Frisq Care, which will be conducted by a new subsidiary Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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