Brief: Pental Says To Acquire 100% Of E-Commerce Business Hampers With Bite Pty Ltd

Prestal Holdings

19/08/2021 23:51

Aug 20 (Reuters) - Pental Ltd  PTL.AX :
    * TO ACQUIRE 100% OF E-COMMERCE BUSINESS HAMPERS WITH BITE
PTY LTD
    * ACQUISITION EXPECTED TO BE IMMEDIATELY EPS ACCRETIVE
    * TOTAL PROPOSED ACQUISITION CONSIDERATION IS A MAXIMUM OF
A$28.3
MILLION (INCLUSIVE OF EARNOUT)
    * TO ISSUE OF A$3 MILLION IN ORDINARY FULLY PAID SHARES IN
PTL AT
A$0.45 PER SHARE
    * ACQUISITION TO BE FUNDED VIA COMBINATION OF A$9 MILLION
CASH,
A$5.7 MILLION BANK DEBT, A$6.0 MILLION EQUITY CAPITAL RAISE AND
A$2 MILLION SPP
    * COMPLETION OF ACQUISITION EXPECTED EARLY TO MID-SEPT 2021

Source text for Eikon:  ID:nGLF5n6gJ6 
Further company coverage:  PTL.AX 

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