The Transaction remains subject to the satisfaction of customary conditions precedent and completion is expected to occur in late August 2016.........The parties have also agreed to a maximum earn-out of $5.45m payable in cash and amaysim shares . The earn-out is subject to minimum and maximum targets in respect of subscriber growth and profitability. It will be measured and paid at the end of the second and third years after completion.
As you can see there are already objectives regarding subscriber growth and profitability. Otherwise no performance linked incentives could have been agreed. It seems to be likely that the market can celebrate an upgraded guidance with the publication of tht FY16 results in a couple of weeks or shortly thereafter once the transcation is over the line in late august. Anyway, it´s getting big and since today there is a new price tag on this company for a potenial buyer.
News: AYS Amaysim Australia enters into agreement to purchase Australian broadband services Pty Ltd, page-5
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