March 11 (Reuters) - Appen Ltd APX.AX :
* TO ACQUIRE FIGURE EIGHT AND LAUNCH CAPITAL RAISING
* PAYMENT OF UPFRONT CONSIDERATION OF US$175 MILLION PLUS EARN-OUT CONSIDERATION PAYABLE IN MARCH 2020, EXPECTED TO BE US$60-80 MILLION
* WILL CONDUCT AN OFFER OF NEW SHARES UNDER A SHARE PURCHASE PLAN TO RAISE A MAXIMUM OF A$15 MILLION
* ACQUISITION WILL BE FUNDED THROUGH A$285 MILLION FULLY UNDERWRITTEN PLACEMENT AT AN OFFER PRICE OF A$21.50 PER NEW SHARE
* ALSO ENTERED US$125 MILLION OF NEW DEBT FACILITIES TO FUND EARN-OUT PAYMENT UNDER ACQUISITION