BRIEF-Catena Media secures long term cooperation with SBAT founder Gary Gillis
March 31 CATENA MEDIA PLC:
* CATENA MEDIA SECURES LONG TERM COOPERATION WITH SBAT FOUNDER GARY GILLIS
* CATENA MEDIA AND GARY GILLIS HAVE MUTUALLY AGREED TO AMEND TERMS AND CONDITIONS OF THEIR PREVIOUS AGREEMENT TO PROVIDE BEST LONG TERM VALUE FOR BOTH PARTIES
* FORMER EARN-OUT AGREEMENT WILL BE REPLACED BY AN IMMEDIATE PAYMENT OF EUR 3,254,000 WHERE EUR 2,000,000 TO BE INVESTED IN CATENA MEDIA SHARES Source text for Eikon: Further company coverage: (Gdynia Newsroom)