(MENAFN- ProactiveInvestors)Rightster's (LON:RSTR) chief executive Patrick Walker expects the market to breathe 'a sigh of relief' after it settled the bulk of its earn-out liability for 2014 acquisition Base79. Walker told Proactive said: 'The important milestone here is that we lose the ambiguity that has been with the company in terms of how much it is going to be and how it will affect the share price. 'Many investors have been waiting to see how that [the deal] would transpire and I think it's happened very smoothly.' On Tuesday the YouTube marketing specialist said Base79's vendors will get 137.9mln shares at 15p in lieu of £20.7mln of the consideration outstanding meaning they also own a 38% stake. The final £3.6mln of the earn-out will be settled by another share issue in the last quarter of 2015. Walker's next objective he says is to sit down with the new investors to focus on the growth of the company. 'I'm sure many of them are interested in the future of the business and I'm sure that a number of them will want to stay' Walker continued. 'The new shareholder base has been in this industry for quite a long time and getting them behind the growth of the business is going to helpful for everybody. He added he had worked with many of them in the past and 'things feel a lot more together now in the business after six months of hard work. 'For me it's an ongoing story but I think for markets there might be a sigh of relief now that this is settled and the shareholder base is understood.'
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