Mporium Group plc (AIM:MPM) entered into non-binding heads of terms to acquire Click Laboratories Limited and We Breathe Media Ltd for £6.9 million on September 30, 2019. The initial consideration is to be satisfied by the payment of £0.5 million in cash and the issue of 400 million ordinary shares. Also, a payment of up to £3 million will be payable in cash in 8 tranches over the next 24 months based on achievement of net profit targets. One half of the consideration shares will be subject to a one year lock up period and the other half will be subject to a two year lock up period restricting any sale or transfer of these shares. The consideration is to be financed by an issue of new ordinary shares to existing and new investors to raise £1.25 million. The transaction is subject to contract. Henrik Persson, Kate Bannatyne and Andrew Burdis of finnCap acted as financial advisors for Mporium.