Ann: Completion of MGC Group Holdings Acquisition, page-2

https://au.linkedin.com/company/mgc-solutions-pty-ltd


https://www.mgcs.com.au/about/





Here’s a reminder of the purchase details;

https://www.marketscreener.com/quot...m-Chris-Newton-Mark-Byrne-and-other-49645162/

GenusPlus Group Ltd (ASX:GNP) entered into a binding share purchase agreement to acquire MGC Group Holdings (WA) Pty Ltd from Chris Newton, Mark Byrne and others for AUD 21 million on April 3, 2025.
A cash consideration of AUD 10.25 million will be paid by GenusPlus Group Ltd. ​

GenusPlus Group Ltd will pay an earnout/contingent payment of AUD 10.5 million cash and of AUD 0.25 million cash. ​

As part of consideration, AUD 21 million is paid towards common equity of MGC Group Holdings (WA) Pty Ltd. ​

The upfront cash payment is subject to certain customary post-completion adjustments (including for cash, debt, and working capital). ​

The earnout payment of AUD 10.5 million is payable either in cash, or 75% cash / 25% Genus scrip for the calendar year earn-outs, at GenusPlus Group Ltd? sole election, with the scrip component subject to GenusPlus Group Ltd's shareholder approval.

For the period ending December 31, 2024, MGC Group Holdings (WA) Pty Ltd reported EBITDA of AUD 4 million.​

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cheers