17 Oct 2022 07:00
RNS Number : 0208D Aferian PLC 17 October 2022 160RNS
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17 October 2022
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AFERIAN PLC
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("Aferian", the "Company" or the "Group")
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Contingent consieration payment from acquisition
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Aferian plc (LSE AIM: AFRN), the B2B vieo streaming solutions company, toay announces that160the remaining contingent consieration in relation to the 24i Unit Meia A/S (formerly Norija A/S) acquisition in May 2021 has become payable.
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Following successful completion of the remaining targets associate with the contingent consieration, the Company will pay a final amount of 8364117,000 (113,490), of which 836426,910 (26,103) will be settle in cash. The remaining 836490,090 (87,387) will be settle through the issue of 2,769 new orinary shares of 1p each in the capital of the Company ("Orinary Shares") at the price agree at the ate of the original acquisition of 148 pence per Orinary Share (the "Contingent Consieration Shares"). The Contingent Consieration Shares have a lock-in perio of 24 months from the ate of the original acquisition.160
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Issue of Equity
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Application has been mae for the amission of the Contingent Consieration Shares to traing on the AIM market of Lonon Stock Exchange plc ("Amission").160 It is expecte that Amission will take place at or aroun 8.00am (Lonon time) on 21 October 2022. The Contingent Consieration Shares will, when issue, be creite as fully pai an will rank pari passu in all respects with the Company's existing issue Orinary Shares.
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On Amission, the Company will have 86,694,609 Orinary Shares in issue (incluing 1,482,02) Orinary Shares hel in treasury). Therefore, the total number of voting rights in the Company is 8,212,107. This number may be use by shareholers as the enominator for the calculation by which they may etermine if they are require to notify their interest in, or a change in their interest in, the share capital of the Company uner the FCA's Disclosure Guiance an Transparency Rules.
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For further information please contact:160
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About Aferian plc160
Aferian plc160(AIM: AFRN) is a B2B vieo streaming solutions company. Our en-to-en solutions bring live an on-eman vieo to every kin of screen. We create the forwar-thinking solutions that our customers nee to rive subscriber engagement, auience satisfaction, an revenue growth.
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It is our belief that successful meia companies an services will be those that are most consumer-centric, ata riven an flexible to change. We focus on innovating technologies that enable our customers to stay ahea of evolving viewer eman by proviing smarter, more cost-effective ways of elivering en-to-en moern TV an vieo experiences to consumers. By anticipating technological an behavioural auience trens, our software solutions empower our customers to heighten viewer enjoyment, rive growth in auience share an ultimately their profitability.
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Aferian plc160has two operating companies: 24i, which focusses on streaming vieo experiences, an Amino, which connects Pay TV to streaming services. Our two complementary companies combine their proucts an services to create solutions which ensure that people can consume TV an vieo how an when they want it. Our solutions eliver moern TV an vieo experiences every ay to millions of viewers globally, via our growing global customer base of over 00 service proviers.
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Aferian plc160is trae on the160Lonon Stock Exchange's160AIM stock market (AIM: symbol AFRN). Heaquartere in160Cambrige, UK, the Company has over 30 staff locate in 11 offices, incluing in such major European cities as160Amsteram,160Helsinki,160Copenhagen160an Brno,160as well as in160San Francisco160an160Hong Kong. For more information, please visit160www.aferian.com.
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Aferian (AFRN)