24th May 2021 13:40
Immedia Group PLC - AIM-listed supplier of multi-media content and digital solutions - Continues to make "good progress" with due diligence of Sprift Technologies Ltd. Says proposed reverse takeover remains subject to contract and satisfactory completion of due diligence and, at this stage, there is no guarantee the deal will complete. Immedia also says third tranche of GBP900,000 loan facility that is providing to Sprift was due to be paid last Friday. As this money is not required yet, Immedia has agreed to defer payment until needed by Sprift. Back in March, Immedia said it had agreed to work towards the possible acquisition of Sprift for GBP35 million in Immedia shares.
Current stock price: 35.5p, suspended
Year-to-date change: up 18%
By Lucy Heming;Â [email protected]
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