June 26 (Reuters) - Spirit Telecom Ltd (ST1) :
- TO ACQUIRE VPD GROUP
- VPD ACQUISITION REPRESENTS MANAGEMENT FORECAST NORMALISED EBITDA OF $3.0M- $3.5M FOR FY20
- FOLLOWING ACQUISITION CO WILL HAVE COMBINED REVENUE RUN RATE OF $70M-$75M FOR FY21
- TOTAL MAXIMUM PURCHASE PRICE OF UP TO $27.5M.
- ON COMPLETION, CO TO ISSUE COMPLETION SHARES AT DEEMED ISSUE PRICE OF $0.20 PER SHARE, ESCROWED FOR 12 MONTHS FROM COMPLETION DATE
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News: ST1 Spirit Telecom Says To Acquire Vpd Group
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