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AppScatter Group PLC

AppScatter delays results to include Priori assets

Intellectual property and data assets owned by Priori are to be included

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Airpush is a big deal for Appscatter

AppScatter Group PLC (LON:APPS) has pushed back publication of its half-year results due to an independent valuation of last year’s acquisition Priori.

Intellectual property and data assets owned by Priori are to be included as they are a material part of the business, said the app management specialist.

As a result, the group’s auditors will not be able to provide an opinion on the financial statements until the independent valuation has been completed. 

The shares are currently suspended on AIM already pending the proposed acquisition of Airpush.  

An admission document in relation to the Airpush deal is expected by the end of September 2019 when trading in the shares is scheduled to resume.

Airpush has 125 employees and consultants located across the US, China and Europe with a group turnover of US$15mln (2018).

Berlin-based Priori was purchased in July 2018 for £13.5mln. 

Quick facts: AppScatter Group PLC

Price: £0.17

Market: AIM
Market Cap: £15.7 m
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