EDU 0.00% 8.4¢ edu holdings limited

Ann: Market Update, page-4

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    deferred consideration is capped at $6.5m ($1.3m scrip and $5.2m cash).

    calculated as 8 x FY19 EBITDA being $1.4m to $1.6m minus the upfront payment of $5.5m

    which is why the debt facility is going to be increased:
    "Given the strong performance of Ikon, an earn-out payment is required to be made to thevendors of Ikon. The Company intends to fund the cash portion of the earn-out paymentthrough existing cash reserves and an increase to its existing debt facilities"
 
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