Deferred Consideration & Total Voting Rights

RNS Number : 7740T

D4T4 Solutions PLC

22 March 2023

 

22 March 2023

D4t4 Solutions Plc

("D4t4" or "Company")

Deferred consideration

&

TVR

D4t4 Solutions Plc (AIM: D4T4) announces that it has today paid deferred consideration of £0.5 million to the vendors ("Vendors") of Prickly Cactus Limited ("Prickly Cactus"), acquired by the Company in August 2021.

The total consideration for Prickly Cactus comprised an initial consideration of £0.25 million plus performance based deferred consideration of up to a further £0.5 million, linked to Prickly Cactus' customer growth during the two-and-a-half-year period following its acquisition. The deferred consideration targets have been met in full and accordingly the Vendors have been paid additional consideration of £0.25 million in cash and £0.25 million by the transfer to the Vendors of 111,905 Ordinary Shares of 2p each in D4t4 ("Ordinary Shares") from treasury at a price of 223.4p each, being the average closing mid-market price of Ordinary Shares for the last five business days before transfer of the shares.

Following the above the Company advises that its issued share capital stands at 40,431,453 Ordinary Shares, with 608,765 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company is 39,822,688 which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries

D4t4 Solutions Plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer	[phone] [e-mail]
finnCap (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Alice Lane, ECM	[phone]
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts	[phone]

About D4t4 Solutions Plc

D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping global enterprises derive value from their data assets.

Supporting customers in financial services, retail, travel, healthcare, and telecommunications across 27 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the Group's flagship first party data product suite. Celebrus CDP automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus FDP helps companies prevent fraud before it happens. Celebrus CDM provides an enterprise platform that automates the integration and transformation of customer data from all relevant data sources, whether on-premises or cloud, to deliver customer and regulatory analytics.

The Group has offices in the UK, USA, India, and Australia with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.

For more information, please see  www.d4t4solutions.com  

 

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