Oct 20 (Reuters) - Lightspeed POS Inc LSPD.TO :
* ANNOUNCES THE ACQUISITION OF KOUNTA
* HAS ENTERED INTO AN AGREEMENT TO ACQUIRE AUSTRALIA-BASED KOUNTA HOLDINGS PTY LTD
* LIGHTSPEED- TO BUY ALL KOUNTA SHARES FOR $35.3 MILLION CASH ON CLOSING & ISSUANCE OF 306,290 SUBORDINATE VOTING SHARES IN CAPITAL OF CO, AT $25.05/ SHARE
* LIGHTSPEED- ADDITIONAL $3.4 MILLION TIED TO MARKETING ALLIANCE AGREEMENT PAYABLE TO A SELLING SHAREHOLDER IN 3 ANNUAL INSTALLMENTS STARTING ON CLOSING
* LIGHTSPEED-EXTRA $7.5 MILLION DEFERRED CASH CONSIDERATION, ISSUANCE OF 299.7K SUBORDINATE SHARES AT $25.04/SHARE PAYABLE TO FEW KOUNTA EMPLOYEES THROUGH OCT 2021