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On February 1, 2022, Location Sciences Group PLC announced that post-closing warranties and covenants related to its asset sale to Digital Envoy, Inc. have been satisfied. As a result, Location Sciences received the remaining US$125,000 consideration, which was retained under the sale agreement.
| Date | 1 Feb 2022 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 2171A |
1 February 2022
This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Location Sciences Group PLC
("Location Sciences" or the "Company" or the "Group")
Further re Sale of Certain Assets to Digital Envoy, Inc.
Location Sciences (AIM: LSAI) is pleased to announce that further to the Company's announcement on 22 October 2021 regarding the sale of its insights dashboard and four contracts to Digital Envoy, Inc., the post-closing warranties and covenants referred to in that announcement have been satisfied. As a result, the Company has received the remaining US$125,000 consideration which was retained under the terms of the sale agreement.
For further information please contact:
Location Sciences Group PLC via Allenby
Mark Slade, Chief Executive Officer
David Rae, CFO and Commercial Director
Allenby Capital Limited (Nominated Adviser) Tel: +44 (0)20 3328 5656
David Hart
Vivek Bhardwaj
Turner Pope Investments (TPI) Ltd (Joint Broker) Tel: +44 (0)20 3657 0050
James Pope
Andy Thacker