The total consideration will be paid by $3.5 million in cash, and the issuance and allotment of up to 342,500,000 new ordinary shares at an issue price of 20 cents in the capital of Citicode on a post-share consolidation basis.
Mainboard-listed Citicode (formerly Advance SCT) announced today that it intends to acquire Livingstone Health (formerly Ardmore Consolidated) for a total consideration of up to $72 million.
Citicode, on July 29, entered into a conditional sale and purchase agreement with Livingstone Health on July 29 at a base consideration of $47 million with a deferred consideration of up to $25 million.
