Brief: Enero Group Announces Acquisitions Of Roi Dna & Getit

Enero

01/07/2022 02:19

July 1 (Reuters) - Enero Group Ltd  EGG.AX :
    * ACQUISITIONS OF ROI DNA AND GETIT
    * TOTAL ACQUISITION CONSIDERATION COMPRISES INITIAL PAYMENT
OF
US$26.4 MILLION IN CASH AND US$6.6 MILLION OF ENERO SHARES
    * TO BUY ROI DNA, INC AND GETIT PTE. LTD
    * ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE IN ITS FIRST
YEAR OF
ACQUISITION
    * FOR ROI DNA, MAXIMUM CONSIDERATION PAYABLE CAPPED AT US$90
MILLION INCLUSIVE OF A MAXIMUM ISSUE OF ENERO SHARES CAPPED AT 8
MILLION
    * TOTAL ACQUISITION CONSIDERATION FOR GETIT COMPRISES AN
INITIAL
PAYMENT OF S$2.7 MILLION IN CASH AND S$1.8 MILLION OF CO'S
SHARES
    * ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE IN ITS FIRST
YEAR OF
ACQUISITION

Source text for Eikon:  ID:nASX4y08w2 
Further company coverage:  EGG.AX 

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