LINK Mobility Group ASA signs Term Sheet regarding acquisition of Voicecom in Bulgaria.

LINK Mobility Group ASA ("LINK") has entered into a term sheet regarding the acquisition of Bulgarian mobile messaging company Voicecom AD.

Voicecom was established in 2003 and is one of the leading provider of value added mobile services in Bulgaria. Voicecom has direct connections with the three mobile operators in Bulgaria and provide services to 250 large and medium sized enterprises. In addition to delivering mobile messaging services, Voicecom offers Multichannel access, Ticking system and other advanced solutions. The company has 32 employees based in Sofia in Bulgaria.

“I am very happy to announce the planned acquisition of Voicecom, one of the leading mobile messaging providers in the Bulgarian market. A market that is undergoing strong economic development and growth, and it is a market with good potential with more than 7 million inhabitants. And we are witnessing that the demand for mobile messaging and solutions is increasing rapidly, and we believe that the Bulgarian market will continue to grow strongly. Combining LINK and Voicecom´s innovative solutions should enable us to even strengthening our position in the Bulgarian market" says Arild E. Hustad, CEO of LINK.

The agreed enterprise value of the transaction is EUR 3.828 million, and the purchase price will upon closing be settled by 1/3 in cash, 1/3 in a sellers’ credit and 1/3 in shares in LINK.

Aabø-Evensen & Co is acting as legal advisor to LINK.

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