Further to the announcements dated 2018-08-29 and 2018-08-30 informing the market of Ayima’s 2nd planned acquisition for 2018, the Board has a further update.
After entering the Due Diligence and SPA negation process, it became apparent that recent financial performance of the acquisition target has not been at the expected level. As such, Ayima has decided to pull out of the current negotiations and not pursue completion by the target date of 2018-10-31. Ayima will continue to monitor the target’s performance and may decide to re-commence negotiations in the future.
Ayima remains committed to further M&A activity as a way of accelerating growth and product development and the team is considering several other potential acquisition targets at the current time.
The Board will inform the market should any of those opportunities progress to contract stage.
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For further Information:
CEO/VD Michael Jacobson
+44-20 7148 5974
press(at)ayima.com
www.ayima.com/investors
About Ayima
Originally founded in 2007, Ayima is a digital marketing agency with around 150 employees across its offices in London, New York, San Francisco,Stockholm and Vancouver. Ayima have created a number of market-leading software tools that are used in by clients and agencies around the world, including ‘Updatable’, ‘Redirect Path’, ‘Page Insights’, ‘Pulse’ and ‘Appotate’.
Ayima is listed at Nasdaq First North under the “Ayima B” ticker. Certified Adviser is Eminova Fondkomission AB (http://www.eminova.se).
This information is insider information that Ayima Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on October 1, 2018.
