News: COS Cosol Announces Acquisition Of Asseton Group And Equity Raising

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    Aug 3 (Reuters) - Cosol Ltd (COS) :

    • ACQUISITION OF ASSETON GROUP AND EQUITY RAISING
    • ENTERED INTO BINDING SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF IN TWO ENTITIES, ASSETON GROUP PTY LTD AND ONPLAN TECHNOLOGIES
    • TOTAL CONSIDERATION OF UP TO A$29M COMPRISED OF CASH AND SCRIP
    • ACQUISITION CASH COMPONENT FUNDED FROM A$15M PLACEMENT AND A$4.6M DRAWDOWN ON DEBT FACILITY
    • ACQUISITION IS EXPECTED TO BE LOW DOUBLE-DIGIT EARNINGS PER SHARE ACCRETIVE ON A PRO FORMA BASIS IN FY24
    • UNAUDITED FY23 REVENUE WAS A$75.1 MILLION
 
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Last
59.5¢
Change
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Mkt cap ! $108.2M
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