Anemoi International Limited (LSE:AMOI) signed non-legally binding heads of terms to acquire id4 AG from Apeiron Holdings A.G. on July 28, 2021. Anemoi International Limited (LSE:AMOI) entered into a conditional share sale and purchase agreement to acquire id4 AG from Apeiron Holdings A.G. for £5.34 million on December 13, 2021. 50% consideration is payable on completion of the Acquisition Agreement, and 50% payable on a deferred basis subject to id4 meeting certain financial targets over the next 5 years.

Although the consideration payable by Anemoi for the Acquisition has not yet been determined, it is anticipated that it will be satisfied entirely by the issue of new Anemoi shares to the shareholders of id4. As per update on December 17, 2021, Anemoi International Limited shall issue 66.67 million shares as consideration to the shareholders of id4 AG. Upon listing of shares on stock exchange, transaction has become unconditional.

Acquisition is subject to customary closing conditions, including entering into a definitive legal agreement and obtaining all necessary approvals (if required).