Brief: Kelsian Group Announces Acquisition Of AAAHI For Enterprise Value Of US$325 Mln

Kelsian

15/03/2023 08:24

March 15 (Reuters) - Kelsian Group Ltd  KLS.AX :
    * KELSIAN GROUP LTD -  ANNOUNCES ACQUISITION OF AAAHI FOR AN
ENTERPRISE VALUE OF US$325 MILLION
    * KELSIAN GROUP LTD - FUNDING ACQUISITION THROUGH A FULLY
UNDERWRITTEN A$281 MILLION EQUITY RAISING
    * KELSIAN GROUP LTD -  ACQUISITION IS EXPECTED TO BE UPPER
SINGLE
DIGIT EPSA ACCRETIVE IN PRO FORMA CY22 BEFORE ANY BONUS
ADJUSTMENT
    * KELSIAN GROUP - SOME AAAHI BUSINESS FOUNDERS, SENIOR
MANAGEMENT
ELECTED TO PARTIALLY REINVEST THEIR DEAL PROCEEDS IN A
SUBSCRIPTION FOR KELSIAN SHARES
    * KELSIAN GROUP -  AAAHI'S MANAGEMENT TEAM WILL BE RETAINED
AND
TRANSITIONED TO KELSIAN'S LONG-TERM INCENTIVE PLAN
    * KELSIAN GROUP LTD - ACQUISITION IS EXPECTED TO BE
COMPLETED
PRIOR TO 30 JUNE 2023
    * KELSIAN GROUP - ABOUT 24 MILLION NEW SHARES ARE EXPECTED
TO BE
ISSUED TO CERTAIN NEW AND EXISTING INSTITUTIONAL INVESTORS UNDER
PLACEMENT AT OFFER PRICE

Source text for Eikon:  ID:nASX4gggv0 
Further company coverage:  KLS.AX 

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