RE: GS 20 Volume / COAL29 Nov 2024 09:45
I’ll be surprised if this doesn’t complete, with the work they are carrying out.
EasySend Acquisition Update
The Company is also pleased to provide an update on the acquisition of 60% of the share capital of EasySend Ltd ("EasySend"), as announced on 29 November 2023. The parties have mutually agreed to extend the period for entering into a definitive sale and purchase agreement until 30 November 2024. This extension will allow both parties time to refine the post-acquisition integration plan to ensure the acquisition aligns with GST's strategic objectives.
As part of the preparation, the seller is working on a comprehensive business plan for Angra Global's expansion into Poland. The Polish market represents a significant opportunity for Angra Global, and EasySend's expertise and resources are expected to play a pivotal role in this expansion.
Apart from the extension, all other terms and conditions in the option to purchase agreement, as previously announced, remain unchanged and both parties remain committed to successfully completing the acquisition.