4th May 2018 09:38
4 May 2018
appScatter Group plc
("appScatter" or the "Company")
Update re Proposed Acquisition and Fundraise
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, announces an extension to the proposed Acquisition timetable.
Further to the Company's announcement of 6 April 2018 the Company and the Vendors have agreed to extend the Acquisition Agreement long stop date to 31 May 2018 as the Acquisition is no longer expected to be completed prior to 15 May 2018.
The Company continues to make good progress with respect to the Proposed Fundraise and the extension of the long stop date is expected to allow sufficient time for HMRC to advise whether certain new ordinary shares proposed to be issued under the Proposed Fundraise are eligible under the Enterprise Investment Scheme.
Further announcements will be made, as appropriate, in due course.
Defined terms in this announcement shall have the same meanings as in the Company's announcement of 6 April 2018, unless the context requires otherwise.
For enquiries, please contact:
appScatter Group plc Philip Marcella, Chief Executive Officer Manish Kotecha, Finance Director
| Tel: 020 8004 7212 www.appscatter.com |
FTI Consulting Financial Public Relations Matt Dixon / Adam Davidson / Niamh Fogarty
| Tel: 020 3727 1000
|
Smith & Williamson Corporate Finance Limited Nominated Adviser and Joint Broker Azhic Basirov / Ben Jeynes / David Jones | Tel: +44 (0)20 7131 4000 www.smithandwilliamson.com
|
Stifel Joint Broker Fred Walsh / Neil Shah / Ben Maddison
| Tel: +44 (0)20 7710 7600 www.stifel.com |
Market abuse regulation (MAR) disclosure
Certain information contained in this announcement would have been deemed to be inside information for the purposes of article 7 of Regulation (EU) No 596/2014 until the release of this announcement. This announcement has been issued by and is the sole responsibility of the Company.
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.
Related Shares:
APPS.L