News: IMD Imdex Says It Enters Binding Agreement To Acquire Devico

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    Jan 19 (Reuters) - Imdex Ltd (IMD) :

    • IMDEX ENTERS BINDING AGREEMENT TO ACQUIRE DEVICO
    • IMPLIED ENTERPRISE VALUE OF A$324 MILLION
    • DEVICO IS EXPECTED TO DELIVER CY2022 REVENUE3 OF A$61 MILLION AND CY2022 EBITDA3 OF A$29 MILLION
    • INTENDS TO RAISE UP TO A$224 MILLION VIA AN UNDERWRITTEN INSTITUTIONAL PLACEMENT
    • IMDEX INTENDS TO RAISE UP TO A$224 MILLION (BEFORE COSTS) VIA AN UNDERWRITTEN INSTITUTIONAL PLACEMENT
    • ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE FROM FIRST FULL YEAR OF OWNERSHIP, BEFORE POTENTIAL SYNERGIES
    • PROPOSING TO UNDERTAKE A CONDITIONAL PLACEMENT OF APPROXIMATELY A$3 MILLION TO CERTAIN IMDEX DIRECTORS
    • UP TO A$224 MILLION EQUITY RAISING CONSISTING OF AN INSTITUTIONAL PLACEMENT, ENTITLEMENT OFFER AND CONDITIONAL PLACEMENT
    • UNDERTAKING A FULLY UNDERWRITTEN PLACEMENT TO ELIGIBLE INSTITUTIONAL INVESTORS TO RAISE A$75 MILLION AT AN ISSUE PRICE OF A$2.20 PER NEW SHARE
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$3.18
Change
0.110(3.58%)
Mkt cap ! $1.627B
Open High Low Value Volume
$3.12 $3.18 $3.08 $5.763M 1.830M

Buyers (Bids)

No. Vol. Price($)
1 158 $3.17
 

Sellers (Offers)

Price($) Vol. No.
$3.19 8142 1
View Market Depth
Last trade - 16.12pm 09/09/2025 (20 minute delay) ?
IMD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.