Vislink has modified the terms of the agreement to sell the assets of Vislink Communication Systems (VCS). The total consideration payable remains $16m. This will now be split into an initial cash consideration of $6.5m and $9.5m deferred consideration payable in secured loan notes, which must be redeemed within 45 days of the disposal completing. Shareholder approval of the modified terms is required before the disposal can complete. We leave our estimates, which assume that VCS remains with
19 Jan 2017
Shareholder approval sought for revised terms
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Shareholder approval sought for revised terms
Pebble Beach Systems Group PLC (PEB:LON) | 10.8 0 0.0% | Mkt Cap: 13.4m
- Published:
19 Jan 2017 -
Author:
Anne Margaret Crow -
Pages:
2
Vislink has modified the terms of the agreement to sell the assets of Vislink Communication Systems (VCS). The total consideration payable remains $16m. This will now be split into an initial cash consideration of $6.5m and $9.5m deferred consideration payable in secured loan notes, which must be redeemed within 45 days of the disposal completing. Shareholder approval of the modified terms is required before the disposal can complete. We leave our estimates, which assume that VCS remains with