The ReThink Group plc Acquisition
The ReThink Group plc Acquisition of Trustech Limited and subscription of shares
The Company announces that it has acquired the whole of the issued share capital of Trustech Limited, a company owned by Iain Halliwell, for a nominal cash consideration at completion. In addition, the Company has agreed to pay deferred consideration of up to 450,000 Ordinary Shares in the Company, dependent on certain milestones being achieved by Trustech Limited.
Furthermore, Iain Halliwell has subscribed for 200,000 ordinary shares in the Company at a price of 8p per share. Application will be made for 200,000 ordinary shares in the Company to be admitted to trading on the AIM market and dealings are expected to commence on 24 March 2010.