The Announcement of FreeSoft’s New Acquisition

FreeSoft Plc. (1117. Budapest, Neumann J. u. 1/c.) informs the participant of the financial and capital market that: FreeSoft Plc. acquired 100% of BankSoft Ltd. (www.banksoft.hu).

FreeSoft signed an agreement to acquire 100% of BankSoft. The acquisition will take place after the closure of the ongoing registration at the Registry Court. The transaction will take the form of a swap, paid by newly issued shares, BankSoft shareholders to acquire new FreeSoft shares. FreeSoft therefore enhance the previously communicated strategic target: perform acquisitions which help the company to become one of the leaders of the IT market.

Source: FreeSoft
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