Brief: Navigator Global Investments Says It Signed Agreement Stake In Marble Capital, L.P

Navigator Global Investments

07/04/2022 02:30

April 7 (Reuters) - Navigator Global Investments Ltd
 NGI.AX :
    * SIGNED DEFINITIVE AGREEMENT TO ACQUIRE PASSIVE STRATEGIC
OWNERSHIP INTEREST IN MARBLE CAPITAL, L.P
    * DEAL FOR TOTAL CONSIDERATION OF US$100M
    * INVESTMENT IS EXPECTED TO BE SLIGHTLY EPS ACCRETIVE TO
NAVIGATOR
IN FY23, AND HIGH TEENS EPS ACCRETIVE IN FY243
    * UNDERTAKING A FULLY UNDERWRITTEN PLACEMENT TO RAISE A$47
MILLION
WITH ISSUE PRICE OF A$1.55 PER PLACEMENT SHARE
    * DEAL CONSIDERATION MAY BE REDUCED TO US$85M TO PROVIDE
POTENTIAL
OPPORTUNITY FOR A STRATEGIC CO-INVESTOR TO PARTICIPATE
    * WILL ALSO UNDERTAKE A SHARE PURCHASE PLAN FOLLOWING THE
PLACEMENT AT ISSUE PRICE OF A$1.55 PER SHARE
    * SHARE PURCHASE PLAN WILL BE CAPPED AT A$10 MILLION

Source text for Eikon:  ID:nASX44G1d7 
Further company coverage:  NGI.AX 

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