Deal Snapshot
Aeorema Comms to Acquire Eventful for GBP 479,692
Thursday 26 March 2020

UK-based live events agency Aeorema Communications plc, the (AIM: AEO) has acquired the entire issued share capital of UK-based events and travel company Eventful Ltd. for a total consideration of up to GBP 479,692 (USD 565,340) to be satisfied in cash and ordinary shares, the company said.
GBP 100,000 (USD 117,880) of the cash consideration is a performance related earn-out. 
The Group's decision to acquire Eventful, with a strong cash flow position with significant revenue already confirmed or under discussion, and necessary risk mitigation in place in terms of contract cancellation fees.

Date Published: 26/03/2020