GEM 0.00% $1.34 g8 education limited

Oct 26 (Reuters) - G8 Education Ltd (GEM) : AGREEMENT TO DIVEST...

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    Oct 26 (Reuters) - G8 Education Ltd (GEM) :

    • AGREEMENT TO DIVEST CENTRES AND TRADING UPDATE
    • SIGNING OF A CONDITIONAL AGREEMENT TO SELL 31 OF ITS CENTRES TO TAK OPERATIONS PTY LTD
    • COMPLETION OF DIVESTMENT OF CENTRES TARGETED TO OCCUR IN MID TO LATE DEC 2023 OR EARLY 2024
    • IN AGREEMENT, G8 WILL MAKE PAYMENT TO GENIUS EDUCATION GROUP WHICH COMBINED WITH TRANSACTION COSTS AND ADJUSTMENTS, TOTALS A$26.5 MILLION
 
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