18 Jun 2018 07:00
18 June 2018
appScatter Group plc
("appScatter" or the "Company")
Update regarding Acquisition
appScatter Group plc (AIM: APPS), the scalable business-to-business ('B2B') Software as a Service ('SaaS') platform that allows users to distribute and manage their apps on multiple app stores around the world, provides the following update in relation to the previously announced proposed acquisition (the "Acquisition") by the Company of Priori Data GmbH ("Priori").
While the parties continue to work constructively towards the completion of an acquisition they acknowledge that the revised final long stop date of 15 June 2018 under the sale & purchase agreement between them has passed without the Acquisition being completed as envisaged in the circular to shareholders dated 15 May 2018.
The Board of appScatter believes that an agreement between the parties in the near future continues to be achievable and mutually beneficial.
Further announcements with respect to any agreements between the Company and Priori will be made in due course, as appropriate.
For enquiries, please contact:
appScatter Group plc Philip Marcella, Chief Executive Officer Manish Kotecha, Finance Director
| Tel: 020 7466 5000 www.appscatter.com |
FTI Consulting Financial Public Relations Matt Dixon / Adam Davidson / Niamh Fogarty | Tel: 020 3727 1000 appScatter@fticonsulting.com
|
Smith & Williamson Corporate Finance Limited Nominated Adviser and Joint Broker Azhic Basirov / Ben Jeynes / David Jones
Stifel Joint Broker Fred Walsh / Neil Shah / Ben Maddison
| Tel: +44 (0)20 7131 4000 www.smithandwilliamson.com
Tel: +44 (0)20 7710 7600 www.stifel.com |
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About appScatter Group plc
appScatter is a scalable B2B SaaS platform that allows paying users to distribute their apps to, and manage their apps on, multiple app stores. Additionally, the centralised platform enables app developers and publishers to manage and track performance of their own and competing apps across all of the app stores on the platform.