appScatter Group plc (AIM:APPS) entered into an agreement to acquire Abilott Ltd for £2.2 million on December 17, 2018. The consideration includes an initial payment of £1.2 million, comprising £0.50 million in cash, £0.24 million in Director Loans and £0.50 by way of the issue of 1.6 million new ordinary shares in appScatter. A potential further consideration of up to £1 million will be paid depending on the attainment of specified revenue criteria in connection with sales to certain customers for the year ending December 31, 2019. The earn out consideration will be paid by issue of up to 3.3 million Deferred Consideration Shares which will not be issued until January 2020. The cash consideration will be satisfied from existing cash resources, of which £0.20 million is payable immediately and the further £0.30 million is payable within 150 days of the completion of the transaction. Jonny Franklin-Adams and Hannah Boros of FinnCap Ltd. acted as financial advisor to appScatter Group plc. appScatter Group plc (AIM:APPS) completed the acquisition of Abilott Ltd on December 17, 2018.