Brief: Cosol Announces Acquisition Of Asseton Group And Equity Raising

Cosol

03/08/2023 02:33

Aug 3 (Reuters) - Cosol Ltd  COS.AX :
    * ACQUISITION OF ASSETON GROUP AND EQUITY RAISING
    * ENTERED INTO BINDING SHARE PURCHASE AGREEMENT TO ACQUIRE
100% OF
IN TWO ENTITIES, ASSETON GROUP PTY LTD AND ONPLAN TECHNOLOGIES
    * TOTAL CONSIDERATION OF UP TO A$29M COMPRISED OF CASH AND
SCRIP
    * ACQUISITION CASH COMPONENT FUNDED FROM A$15M PLACEMENT AND
A$4.6M DRAWDOWN ON DEBT FACILITY
    * ACQUISITION IS EXPECTED TO BE LOW DOUBLE-DIGIT EARNINGS
PER
SHARE ACCRETIVE ON A PRO FORMA BASIS IN FY24
    * UNAUDITED FY23 REVENUE WAS A$75.1 MILLION

Source text for Eikon:  ID:nASX3wFzzn 
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