The shares will be priced at a premium of 15% over the six-month volume weighted average price (VWAP) six months prior to the completion date of the proposed acquisition, subject to a minimum issue price of 29.7 cents.
LMS Compliance plans to acquire a 75% equity stake in Anchor Technology Holdings Co, a food certification and registration services provider, for around US$4.51 million.
LMS plans to fund 66% of this acquisition by issuing new shares.
