Brief: Comms Group Says Acquired Ongroup Holdings Pty Ltd For A Total Initial Consideration Of A$12M

Comms

03/02/2022 21:39

Feb 4 (Reuters) - Comms Group Ltd  CCG.AX :
    * FOR FY22, ADDS A$16M IN TOTAL GROUP REVENUE, REPRESENTING
45%
INCREASE ON CURRENT BUSINESS REVENUE 
    * ACQUIRES ONPLATINUM
    * FOR FULL YEAR FY22, COMMS GROUP GUIDANCE FOR UNDERLYING
EBITDA
HAS BEEN UPGRADED TO A$5M TO A$5.5M
    * ONPLATINUM ACQUISITION WILL BE FUNDED BY A NEW DEBT
FACILITY OF
A$10M
    * ACQUIRED ONGROUP HOLDINGS PTY LTD FOR A TOTAL INITIAL
CONSIDERATION OF A$12M


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