News: IMD Imdex Says It Enters Binding Agreement To Acquire Devico

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    Jan 19 (Reuters) - Imdex Ltd (IMD) :

    • IMDEX ENTERS BINDING AGREEMENT TO ACQUIRE DEVICO
    • IMPLIED ENTERPRISE VALUE OF A$324 MILLION
    • DEVICO IS EXPECTED TO DELIVER CY2022 REVENUE3 OF A$61 MILLION AND CY2022 EBITDA3 OF A$29 MILLION
    • INTENDS TO RAISE UP TO A$224 MILLION VIA AN UNDERWRITTEN INSTITUTIONAL PLACEMENT
    • IMDEX INTENDS TO RAISE UP TO A$224 MILLION (BEFORE COSTS) VIA AN UNDERWRITTEN INSTITUTIONAL PLACEMENT
    • ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE FROM FIRST FULL YEAR OF OWNERSHIP, BEFORE POTENTIAL SYNERGIES
    • PROPOSING TO UNDERTAKE A CONDITIONAL PLACEMENT OF APPROXIMATELY A$3 MILLION TO CERTAIN IMDEX DIRECTORS
    • UP TO A$224 MILLION EQUITY RAISING CONSISTING OF AN INSTITUTIONAL PLACEMENT, ENTITLEMENT OFFER AND CONDITIONAL PLACEMENT
    • UNDERTAKING A FULLY UNDERWRITTEN PLACEMENT TO ELIGIBLE INSTITUTIONAL INVESTORS TO RAISE A$75 MILLION AT AN ISSUE PRICE OF A$2.20 PER NEW SHARE
 
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(20min delay)
Last
$3.07
Change
0.010(0.33%)
Mkt cap ! $1.571B
Open High Low Value Volume
$2.96 $3.08 $2.94 $3.563M 1.166M

Buyers (Bids)

No. Vol. Price($)
1 10 $3.06
 

Sellers (Offers)

Price($) Vol. No.
$3.09 15997 3
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Last trade - 16.11pm 08/09/2025 (20 minute delay) ?
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