iSentia to be acquired by Access Intelligence after shareholder approval

iSentia to be acquired by Access Intelligence after shareholder approval
July 12, 2021 10:39
Access Intelligence Plc shareholders have voted to approve the acquisition of iSentia following a general meeting held on Friday.
Additionally, the company has received shareholder approval for the fundraising to raise a total of GBP50 million (AUD $92,830,455.00) for the acquisition.
iSentia to be acquired by Access Intelligence after shareholder approval
The fundraising proceeds will be used, among other things, to fund the equity consideration of the acquisition and to repay the full amount of the drawn down debt of iSentia.
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The acquisition is being undertaken by way of a scheme of arrangement in Australia and is subject to iSentia shareholder approval and approval of the courts in Australia.

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