Raketech Enters into Agreement to Settle Casumba Earnout for EUR 8.2 Million, Against EUR 20.3 Million Payable

Raketech (STO:RAKE) - Raketech Group Holding P.L.C ("Raketech" or the "Company") announces that it has entered into an agreement with the sellers of Casumba Media Ltd to settle the remaining earnout obligation in full for EUR 8.2 million, compared with approximately EUR 20.3 million payable under the current terms, including accrued interest.

The Company has signed a sanction letter with Bank of Valletta for financing of EUR 5.5 million, which...