Capital Change Notice
SECISSUE
Tue, Apr 19 2022 10:16 am
Wellington Drive Technologies (Wellington) has today issued 1,574,196 ordinary shares to the vendors of iProximity Pty Limited (iPX) pursuant to the 2018 Sale and Purchase agreement, as amended in 2021.
The acquisition price included Wellington shares, subject to Wellington achieving specified SCS Connect annual product volumes. This issue of ordinary shares is required due to SCS Connect unit sales performance in 2021 reaching the specified hurdle.
No further consideration is payable in respect of this acquisition.
Announcement PDF
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