Connex Group: Awardit continues to consolidate the DACH region through acquiring leading Austrian loyalty- and gift card company Connex and conducts a non-cash issue of shares

Awardit AB (publ) (“Awardit”) and the owners of the leading Austrian loyalty- and gift card company Connex Marketing GmbH (“Connex”) have signed a share purchase agreement through which Awardit acquires 100 percent of Connex. The total purchase price is approximately 10.7 MEUR. The Board of Awardit has decided to conduct a non-cash issue of shares as part payment of the acquisition.