LONDON (Alliance News) - Ebiquity PLC Friday said it has acquired the stake held by Dietmar Kruse in Ebiquity Germany to take into account the recently appointed chief executive for Continental Europe's wider responsibilities within the group and to "align his equity interests" with his new role.
In a statement, Ebiquity said its ownership of Ebiquity Germany has increased to about 94% from 85% following the acquisition.
It paid Kruse in the form of 966,413 new Ebiquity shares.
Ebiquity shares were flat at 129.00 pence on Friday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Ebiquity (EBQ)