Brief: Ad1 Holdings Announces Acquisition Of Scout Talent Group

Adneo

30/08/2022 02:15

Aug 30 (Reuters) - AD1 Holdings Ltd  AD1.AX :
    * AD1 TO ACQUIRE SCOUT TALENT GROUP
    * AD1 TO ACQUIRE SCOUT TALENT GROUP FOR UP- FRONT
CONSIDERATION OF
A$65 MILLION WITH EQUITY CONSIDERATION ISSUED AT 4.23 AU CENTS
PER SHARE
    * AD1 EXPECTED TO BE EBITDA AND CASH FLOW POSITIVE IN FY23
ON A
PRO-FORMA BASIS BEFORE SYNERGIES
    * POST DEAL COMPLETION, AD1 TO GENERATE FY23 PRO-FORMA
REVENUE IN
EXCESS OF $30M WITH APPROXIMATELY 30% DERIVED FROM NORTH AMERICA

Source text for Eikon:  ID:nASX1RrdVf 
Further company coverage:  AD1.AX