Brief: Dynamic Group Announces Acquisition Of Welldrill

BWE Drilling

11/07/2022 02:12

July 11 (Reuters) - Dynamic Group Holdings Ltd  DDB.AX :
    * DYNAMIC GROUP HOLDINGS LTD - ACQUISITION OF WELLDRILL
    * DYNAMIC GROUP HOLDINGS LTD - TO ACQUIRE 100% OF WELLDRILL
FOR
UPFRONT CONSIDERATION OF A$15M
    * DYNAMIC GROUP HOLDINGS LTD - DEAL FOR TOTAL CONSIDERATION
OF
A$19 MILLION
    * DYNAMIC GROUP HOLDINGS - ACQUISITION EXPECTED TO BE MORE
THAN
30% EARNINGS PER SHARE ACCRETIVE TO DYNAMIC SHAREHOLDERS IN FY23
    * DYNAMIC GROUP HOLDINGS - TO FUND ACQUISITION THROUGH
UPSIZED
BANK FACILITIES AND EXISTING LIQUIDITY
    * DYNAMIC GROUP - WELLDRILL ANTICIPATED TO GENERATE ABOUT
A$26-A$28 MILLION REVENUE AND ABOUT A$7-A$8 MILLION EBITDA IN
FY23

Source text for Eikon:  ID:nASX3gn6Ly 
Further company coverage:  DDB.AX 

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