Boxhill Technologies plc (AIM:BOX) agreed heads of terms to acquire Emex (UK) Group and FreePayMaster £1.6 million on December 2, 2015. Under the terms of the agreement Boxhill Technologies will issue 400 million shares as purchase consideration. The transaction is expected to conclude in December 2015. Nick Rome and Sam Allen of Walbrook PR acted as public relations advisor in the transaction. Nick Harriss, Nick Athanas and James Reeve of Allenby Capital Limited acted as financial advisors to Boxhill Technologies.

Boxhill Technologies plc (AIM:BOX) completed the acquisition of Emex (UK) Group and FreePayMaster on January 31, 2016. As Boxhill Technologies cannot issue new ordinary shares while its ordinary shares remain suspended from trading on AIM, the consideration will be satisfied by issuance of 0% unsecured, undated, convertible loan stock, which will compulsorily convert into 400 million ordinary shares within 14 days of Boxhill's shares returning to trading on AIM.