- Tekcapital, an international provider of technology and IP services, has acquired and related intellectual property assets - including its website and client list - from Keon Research LLC and Ion Corp Pty Limited.

The acquisition is expected to be earnings enhancing in its first full year under Tekcapital's ownership and add forward revenue and profit to the company in the near-term.

Consideration in respect of the acquisition will be satisfied by the issue of 879,770 new ordinary shares in Tekcapital which will be subject to lock-up restrictions preventing their sale for a period of 12 months from the date of completion.

At 3:02pm: [LON:TEK] Tekcapital Plc Ord 0.004 share price was +0.01p at 21.38p

Story provided by