date:Dec 20, 2022
ation of 8m cash and 5 million new ordinary shares in S-Ventures. The cash is split 6.5m on completion and 1.5m deferred plus 8% interest, paid in September 2023.
The 5 million shares issued as part of the consideration, represent 3.8% of the enlarged share capital and will make Hero Group a new shareholder and partner in S-Ventures PLC.
At acquisition, S-Ventures PLC will enter into new loan facilities provided by Shawbrook Bank Limited for financing the acquisition and its working capital ne