PropTech Group Limited (ASX:PTG) signed an agreement to acquire Website Blue for AUD 1.5 million on February 23, 2021. Under the terms of transaction, PropTech will acquire Designly, operated by Website Blue. Initial consideration is payable on completion of AUD 0.75 million which includes AUD 0.05 million in cash and AUD 0.6 million in PTG shares, Deferred consideration of AUD 0.375 million is payable 12 months after completion, a further deferred consideration of AUD 0.375 million is payable 24 months after completion. The transaction is expected to complete on or about March 1, 2021. PropTech Group Limited (ASX:PTG) completed the acquisition of Website Blue on March 6, 2021. PropTech Group today issued 1,623,774 new fully paid ordinary shares (Consideration Shares) as partial consideration for the transaction. Under the terms of agreement, consideration paid is along with net of cash acquired of AUD 0.02 million. The deferred consideration will be paid on the basis of JMCG Pty Ltd’s annual SaaS revenue does not fall below its current amount which will be confirmed during the Due Diligence and mutually agreed.