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News: ZML ZipMoney to acquire Pocketbook for upfront consideration of A$6.0 mln

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    06/06/16
    11:58
    Post #: 17960699

    June 6 (Reuters) - zipMoney Ltd (ZML) :

    • Oversubscribed A$20.6M placement and proposed acquistion (ZML)
    • ZipMoney has entered into a non-binding indicative term sheet to acquire Pocketbook
    • Placement funds will provide loan book equity capital, fund the proposed acquisition of Pocketbook and provide expansion capital
    • Non-binding indicative term sheet to acquire Pocketbook for an upfront consideration of A$6.0 million
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