Can anyone explain how the earn-out works? TPC has to hit $18m, $24m, and $30m EBITDA to earn the full $50m or $4.41/share earn-out.
However, this is within 3 years. Does that mean we have to wait 3 years to potentially receive the earn-out or do we get our $11-ish/share first and then receive the earn-out later?
The potential Earn Out Consideration is subject to the satisfaction of certain performance-related milestones within a period of three years from the implementation of the Scheme. If all performance-related milestones are met within the relevant period, the maximum aggregate amount of Earn Out Consideration payable to TPC shareholders is $50 million, which represents $4.41 per TPC share.
Ann: TPC enters into Scheme Implementation Agreement with WSH, page-3
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Last
$10.99 |
Change
-0.010(0.09%) |
Mkt cap ! $124.6M | |||
| Open | High | Low | Value | Volume |
| $10.92 | $10.99 | $10.75 | $128.6K | 11.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $10.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.00 | 6500 | 1 |
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| Last trade - 15.04pm 31/05/2024 (20 minute delay) ? |
| TPC (ASX) Chart |