15th Dec 2021 17:41
Eckoh PLC - London-based secure payment products provider - Will acquire secure payments services provider Syntec Holdings Ltd for GBP31.0 million in cash and shares.
Cash will be funded through existing cash resources, and GBP13.7 million through the placing of 25.4 million shares at a price of 54 pence each.
Singer Capital Markets Securities Ltd and Canaccord Genuity Ltd acted as joint bookrunners.
In addition, Eckoh will issue 10.8 million shares as part of the acquisition. Following admission, the company will have 269.9 million shares issued overall.
Current stock price: 54.50 pence, down 11% on Wednesday
Year-to-date change: down 16%
By Dayo Laniyan; [email protected]
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