On completion of the Transaction, Macquarie will hold approximately 8% of EVS shares on an undiluted basis which will make Macquarie the largest single EVS shareholder. This percentage would increase to approximately 14% if all options on issue (including those to be granted to Macquarie) are exercised. Macquarie has a right to a nominee on the EVS board (“Board”), subject to completion of the Transaction.
On completion of the Transaction, Macquarie and EVS will enter into a two-year Referral Agreement under which Macquarie will procure certain introductions and/or referrals from the Macquarie Capital Business Group (being that part of the business carried out within Macquarie Group Limited, its holding companies and its and their subsidiary companies known as “Macquarie Capital”). The Board believes that gaining such a strategic shareholder will help accelerate EVS’s global expansion significantly.
Spectris will hold approximately 1% of EVS shares on an undiluted basis (approximately 0.9% of EVS shares on a fully diluted basis).
EVS Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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