Brief: RPM Automotive Announces Acquisition Of Metro Tyre Services For A$4.5Mln

Rpm Automotive

05/12/2022 05:46

Dec 5 (Reuters) - RPM Automotive Group Ltd  RPM.AX :
    * ACQUISITION OF METRO TYRE SERVICES FOR TOTAL CONSIDERATION
OF
A$4.5MLN
    * SEES FY23 REVENUE RANGE OF A$125M - A$130M
    * COMPLETION OF A$2MLN PLACEMENT AND LAUNCH OF A$1MLN
UNDERWRITTEN
SHARE PURCHASE PLAN
    * SEES FY23 EBITDA RANGE OF A$12M - A$13M, ON CONSOLIDATED
BASIS
    * WE ARE VERY CONFIDENT IN OUTLOOK FOR CONSOLIDATED BUSINESS
IN
FY23 AND BEYOND
    * NEW A$26MLN BANK FACILITY WITH CBA WILL PROVIDE SUFFICIENT
FUNDING TO COVER WORKING CAPITAL REQUIREMENTS AND ORGANIC GROWTH
    * PLACEMENT AT ISSUE PRICE OF A$0.165 PER ORDINARY SHARE

Source text for Eikon:  ID:nASXc6Ztjf 
Further company coverage:  RPM.AX 
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