Ignis has received 1,500,000 shares originally issued to the sellers in accordance with a SPA entered into in connection with the acquisition of Syntune. Accounting effect of the reversal will be a reduction in goodwill related to the acquisition team combined by 6.5 million to 23.3 million.
The shares will be kept in its own shares under authorizations granted to the Board at the annual general meeting held on 28 June 2010, and the share premium account will be debited by the same amount. After reversal, Ignis owning 1,500,000 shares.
HegnarOnline advance does not edit comments. Those commenting are solely responsible for their comments. Comments that are offensive, defamatory, or otherwise in violation of Norwegian law will be deleted as soon as we discover it or is made aware of it.
No comments:
Post a Comment