Sept 30 (Reuters) - Damstra Holdings Ltd (DTC) : ENTERED INTO...

Sept 30 (Reuters) - Damstra Holdings Ltd (DTC) :

• ENTERED INTO AGREEMENT TO ACQUIRE TIKS SOLUTIONS PTY LTD
• DEAL CONSIDERATION OF A$18 MILLION
• ADDITIONAL CONSIDERATION OF UP TO A$7M MAY BE PAID TO VENDORS IF CERTAIN PERFORMANCE TARGETS ARE ACHIEVED IN 12 MONTHS FOLLOWING COMPLETION
• WILL COMPRISE A$2.5 MILLION IN CASH FROM DAMSTRA'S EXISTING CASH RESERVES, AND ISSUE OF DAMSTRA SHARES TO VENDORS, EQUIVALENT TO A$12.0 MILLION