News: DTC Damstra Holdings Says Unit Entered Into An Asset Sale Agreement To Acquire Scenario...

Dec 12 (Reuters) - Damstra Holdings Ltd (DTC) :

• UNIT ENTERED INTO AN ASSET SALE AGREEMENT TO ACQUIRE SCENARIO ADVANTAGE WORKFORCE BUSINESS (SCENARIO) FROM PROJECTION GROUP
• UNIT HAS ENTERED INTO AN ASSET SALE AGREEMENT TO ACQUIRE SCENARIO ADVANTAGE WORKFORCE BUSINESS FROM PROJECTION GROUP
• TOTAL CONSIDERATION OF $4M WILL BE FUNDED FROM UNIT'S EXISTING CASH RESERVES
• IMPACT OF ACQUISITION, AFTER ACCOUNTING FOR TRANSACTION COSTS, EXPECTED TO BE CONSISTENT WITH CO'S FORECAST EBITDA MARGIN FOR FY20
• EXPECTS FURTHER OPERATING SYNERGIES WILL DELIVER AN ENHANCED EBITDA MARGIN CONTRIBUTION FROM SCENARIO FROM FY21 ONWARDS