Brief: Evolve Education Says Contracted To Acquire 10 Childcare Centres In Australia

Embark Education

04/03/2021 19:38

March 5 (Reuters) - Evolve Education Group Ltd  EVO.NZ :
    * CONTRACTED TO ACQUIRE 10 CHILDCARE CENTRES IN AUSTRALIA
    * ACQUISITIONS WILL BE EARNINGS PER SHARE POSITIVE FROM
SETTLEMENT
    * CO INTENDS TO RESUME PAYMENT OF DIVIDENDS FROM FINAL
QUARTER OF
2021
    * IF EBITDA TOTALS $8.20M FOR 12 MONTHS PERIOD POST
SETTLEMENT,
TOTAL PAYMENT WOULD BE $32.13M
    * CONTRACT PRICING INCLUDES UPFRONT $27.13M FOR EBITDA OF
$6.93M
PER ANNUM
    * CONTRACT PRICING ALSO INCLUDES DEFERRED $5.00M FOR A
ADDITIONAL
$1.27M OF EBITDA GENERATED 12 MONTHS POST SETTLEMENT
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW6qK4d1 
Further company coverage:  EVO.NZ 

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