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S-Ventures PLC - AQSE-listed investment firm focused on health and wellness sectors - Says the purchase price of Pulsin Ltd will be adjusted to £5.5 million from £6.7 million. S-Ventures explains that this is based on the closing mid-market share price at the time of the agreement. It adds that the future cash consideration will be capped at £400,000 or lower.
The original consideration of £6.7 million was to be delivered via the combination of £2.0 million in cash, £2.1 million in loan notes, the issue of 12 million new ordinary shares in the company and the issuance of 3 million deferred shares based on Pulsin's sales performance.
Current stock price: 36.5 pence
12-month change: up 52%
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