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BPP - Babylon Pump & Power News Story

A$0.029 0.0  7.4%

Last Trade - 18/09/20

Sector
Industrials
Size
Micro Cap
Market Cap £13.7m
Enterprise Value £17.4m
Revenue £9.70m
Position in Universe 1247th / 1830

BRIEF-Babylon Pump & Power Enters Agreement For Acquisition Of Primepower Queensland

Fri 26th July, 2019 2:11am
July 26 (Reuters) - Babylon Pump & Power Ltd  BPP.AX :
    * ENTERED AGREEMENT FOR ACQUISITION OF PRIMEPOWER QUEENSLAND
FOR
UP TO $4.2 MILLION IN CASH
    * DEAL FOR INITIAL PAYMENT OF $1.7 MILLION IN CASH AND $0.6
MILLION IN BABYLON SHARES ISSUED AT 2.4 CENTS PER SHARE
    * INITIAL CASH PAYMENT OF $1.7 MILLION TO BE FUNDED VIA
EXISTING
CASH RESERVES & UNDERWRITTEN $1.5 MILLION SHARE PURCHASE PLAN

Source text for Eikon:  urn:newsml:reuters.com:*:nASX6BBKQH
Further company coverage:  BPP.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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