ATTRAQT Group PLC Replacement: Issue of Consideration Shares (4226G)
26 July 2021 - 5:46PM
UK Regulatory
TIDMATQT
RNS Number : 4226G
ATTRAQT Group PLC
26 July 2021
The following amendment has been made to the ' Issue of
Consideration Shares' announcement released on 26.07.2021 at 07.00
under RNS No 3636G .
The total voting rights figure stated in the final paragraph has
changed from 5,131,374 to 201,280,545. All other details remain
unchanged. The full amended text is shown below.
26 July 2021
Attraqt Group plc
("Attraqt", the "Group" or the "Company")
Issue of Consideration Shares
Attraqt Group plc (AIM: ATQT), a leading provider of online
search, merchandising and personalization solutions for ecommerce,
announces the issuance of 5,131,374 new ordinary shares
("Consideration Shares"), deferred consideration, to Aleph-One
GmbH, following the completion of 95% of the successful development
and transfer of intellectual property from Aleph-One GmbH to
Attraqt. This transfer was completed ahead of schedule and the IP
has become a core component of the Attraqt offering.
This follows the agreement, initially announced at the time of
the Group's acquisition of Aleph Search from Aleph-One GmbH on 1
October 2020, that a tranche of conditional consideration totalling
up to 5,401,446 consideration shares ("the IP Transfer Shares")
would be issued to the Seller within 12 months from the date of
completion, subject to the successful development and transfer of
intellectual property to the Company ("IP Transfer").
The remaining 5% of the IP Transfer Shares (270,072 shares) will
be issued on completion of the transfer, which is anticipated
within 12 months of completion of the acquisition.
The terms of the lock-in on the IP Transfer Shares remain
consistent with the acquisition announcement of 1 October 2020.
Application has been made for admission of the 5,131,374
Consideration Shares to trading on AIM ("Admission"), with
Admission expected to occur on 29 July 2021. Following the issue of
the Consideration Shares, which rank pari passu to the existing
ordinary shares in the Company, the Company has a total of
201,280,545 ordinary shares in issue, all of which have voting
rights.
This above figure of 201,280,545 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in the Company. The Company does not hold any shares
in treasury.
For further enquiries please contact:
Attraqt Group plc Via Alma PR
Mark Adams, CEO
Eric Dodd, CFO
Canaccord Genuity (Nominated Adviser)
Simon Bridges
Adam James
Thomas Diehl +44 (0)20 7523 8000
Alma PR +44 (0)20 3405 0205
Susie Hudson attraqt@almapr.co.uk
Sam Modlin
Molly Gretton
About Attraqt Group plc
Attraqt powers exceptional shopping experiences for over 300 of
the world's leading brands, manufacturers and retailers. Attraqt
provides a set of API-enabled, algorithm-driven, intelligent SaaS
services covering personalization, search, navigation,
merchandising, recommendations and internationalization.
The platform unifies and empowers all key customer journey
stakeholders. Enabling business, data and technical teams to
successfully leverage existing eCommerce technology investments.
Ultimately ensuring individualized and connected micro-experiences
that support commerce discovery through to inspiration and
purchase, and beyond.
The Attraqt platform orchestrates AI models in real-time while
allowing clients to integrate their own algorithms. This helps
build true personalization strategies and creates differentiated
experiences at scale, so our customers can exceed the expectations
of today's shopper, while reaching commercial goals.
Attraqt is publicly listed on LSE: AIM and headquartered in
London, with offices in Amsterdam, Paris, Sofia, Hamburg and
Sydney.
www.attraqt.com
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END
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