Insider information: Readly International AB (publ) (“Readly''), the European category leader within digital magazine subscriptions, has entered into an agreement to acquire 97.3% of the issued shares in Toutabo SA (“Toutabo”, “the Acquisition”), a leading subscription provider in France and owner of the digital subscription provider ePresse, from the founders and the institutional owners (the “Sellers”). The total purchase price amounts to up to approximately EUR 8.2 million on a cash and debt free basis (subject to any post signing adjustments), with an initial consideration of approximately EUR 3.9 million being paid in connection with closing of the Acquisition and an earn-out consideration of up to approximately EUR 4.3 million to be paid before the end of January 2024 subject to certain targets being met. The purchase price will be paid by way of a combination of cash and newly issued Readly shares.