Gateley (Holdings) Plc (AIM:GTLY) acquired Symbiosis Ip Limited £2.5 million on October 4, 2022. Under the terms of the Acquisition agreement, the Group will pay consideration of approximately £2.5 million (the "Consideration") subject to a completion accounts adjustment. The Consideration will be satisfied as to approximately £1.5 million in cash and £1.0 million by the allotment and issue of new ordinary shares of £0.10 each in Gateley ("Consideration Shares"). Any adjustment following agreement of the completion accounts will be deductible from the cash element of the Consideration. £1 million of the cash consideration is being funded from the Group's revolving credit facility with the balance of £0.5 million from existing cash resources. Heath Snyder and Amy Murphy of FRP Corporate Finance has advised the shareholders of specialist Patent Attorney firm Symbiosis IP.
Gateley (Holdings) Plc (AIM:GTLY) completed the acquisition of Symbiosis Ip Limited £2.5 million on October 4, 2022.
Gateley Plc acquired Symbiosis Ip Limited £2.5 million.
October 03, 2022
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