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BRIEF-Easton Investments Entered Binding Heads Of Agreement With Hub24

Published 28/10/2020, 12:18 pm
© Reuters.
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Oct 28 (Reuters) - Easton Investments Ltd EAS.AX :

* ENTERED INTO A BINDING HEADS OF AGREEMENT WITH HUB24

* APPOINTS NATHAN JACOBSEN AS EASTON'S MANAGING DIRECTOR

* HEADS OF AGREEMENT CONTEMPLATES STRATEGIC INVESTMENT BY HUB24 BY WAY OF PLACEMENT OF 11.71 MILLION EASTON SHARES AT $1.20 PER SHARE

* HEADS OF AGREEMENT CONTEMPLATES ACQUISITION BY EASTON FROM HUB24 OF PARAGEM PTY FOR $4.0 MILLION

* AS PART OF AGREEMENT, HUB24 HAS RIGHT TO NOMINATE 2 DIRECTORS TO JOIN EASTON BOARD

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