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PYG - PayGroup News Story

A$0.49 -0.0  -3.9%

Last Trade - 6:56am

Sector
Industrials
Size
Micro Cap
Market Cap £21.7m
Enterprise Value £19.8m
Revenue £7.49m
Position in Universe 1235th / 1912

BRIEF-Paygroup Ltd Acquires Integrated Workforce Solutions

Wed 31st March, 2021 9:23am
March 31 (Reuters) - PayGroup Ltd  PYG.AX :
    * ACQUIRES INTEGRATED WORKFORCE SOLUTIONS-PYG.AX
    * TOTAL TRANSACTION CONSIDERATION OF UP TO $15.3M FOR
ACQUISITION
    * ACQUISITION EXPECTED TO MAKE MATERIAL CONTRIBUTION TO CO'S
ANNUALISED RECURRING REVENUE
    * GOT BINDING COMMITMENTS TO RAISE ABOUT $15 MILLION AT
$0.56 PER
SHARE
    * UPGRADES FY21 ARR GUIDANCE TO $21.5M FROM $20.5M
    * UPGRADES FY21 NEW CONTRACTS SIGNED TO $13M FROM OVER $10M

Source text for Eikon:  ID:nASX6fxJLx 
Further company coverage:  PYG.AX 

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