Knosys Limited (ASX: KNO) (“Knosys”), is pleased to announce the completion of the acquisition of LIBERO, a leading library management software provider.
The $5 million acquisition price consisted of $4 million in cash and $1 million in fully paid Knosys shares. The cash component of the LIBERO acquisition, net of cash acquired in the LIBERO business, has been self-funded by Knosys from its cash resources. The share component has been satisfied by the issue of 6,896,551 fully paid ordinary Knosys shares at a notional issue price of 14.5 cents per share. The shares were issued within Knosys’ 15% limit under ASX LR 7.1.