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SHA — SHAPE Australia News Story

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Brief: Shape Australia Corp Says Acquisition Of Australian Professional Shopfitters

BRIEF-Shape Australia Corp Says Acquisition Of Australian Professional Shopfitters

- SHAPE Australia Corp Ltd SHA.AX:

  • ACQUISITION OF AUSTRALIAN PROFESSIONAL SHOPFITTERS

  • DEAL INCLUDES A$20.4 MILLION UPFRONT AND UP TO A$9 MILLION CONTINGENT CONSIDERATION

  • CONSIDERATION AND COSTS FUNDED VIA MIX OF CASH AND SCRIP

  • ACQUISITION EXPECTED TO DELIVER 5-7% NORMALISED EPS ACCRETION IN FIRST FULL YEAR

  • APS LEADERSHIP TEAM TO CONTINUE FOR MINIMUM TWO YEARS POST-DEAL

Further company coverage: SHA.AX


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

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