LINK expects to receive NOK 167 million in earn-out from Message Broadcast divestment

30 Jan 2025 08:00 CET

Reference is made to the divestment of US based entity Message Broadcast, as
completed on 3 January 2024, where consideration amount comprised of an earn-out
related to full year 2024 revenue in Message Broadcast.

The Buyer has updated LINK on its unaudited revenue for Message Broadcast for
the full year 2024 and this impacts earn-out amount receivable in LINK. Based on
the Message Broadcast unaudited results, LINK will recognize a reduction in the
earn-out receivable of NOK 129 million in the fourth quarter results, impacting
discontinued operations in the income statement and will be a non-cash
adjustment.

Based on the SPA, an audit process on the Message Broadcast results, including
the earn-out, will follow.

After the reduction, total outstanding receivables related to the divestment of
Message Broadcast are NOK 286 million, whereof NOK 119 million in seller’s
credit and NOK 167 million in earn-out.


For further information, please contact:

Morten Løken Edvardsen, CFO & VP Investor Relations
+47 90 56 15 89
ir@linkmobility.com


About LINK Mobility

LINK is an award winning, leading global provider of mobile messaging and
communications platform as a service (CPaaS) solutions for increased engagement.
The company serves enterprise, SME and government customers. LINK offers a wide
range of innovative and scalable mobile solutions, creating valuable digital
convergence between businesses and customers, governments and citizens,
platforms and users. LINK has more than 50,000 active customer accounts globally
and exchanges more than 19 billion messages a year. LINK is listed on the Oslo
Stock Exchange under the ticker LINK. For more information about LINK, please
see www.linkmobility.com and follow LINK Mobility on LinkedIn.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site