VVA 0.00% $1.33 viva leisure limited

News: VVA Viva Leisure Launches Capital Raising

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    Dec 2 (Reuters) - Viva Leisure Ltd (VVA) :

    • VIVA LEISURE ANNOUNCES ACQUISITION OF 13 FITNFAST CLUBS, LAUNCHES CAPITAL RAISING
    • DEAL FOR TOTAL CONSIDERATION OF $13.5 MILLION
    • NET COST AND REVENUE SYNERGIES OF $1.2 MILLION PER ANNUM TO BE REALISED UNDER DEAL
    • TRANSACTION EXPECTED TO BE OVER 20% EPS ACCRETIVE TO VIVA LEISURE SHAREHOLDERS
    • UNDERTAKING A FULLY UNDERWRITTEN EQUITY RAISING VIA WAY OF AN INSTITUTIONAL PLACEMENT TO RAISE ABOUT $20.0 MILLION
    • 30 JUNE 2020 REVENUE TARGET IS NOW $58.7 MILLION
    • 30 JUNE 2020 EBITDA TARGET IS NOW $14.2 MILLION
    • ANNUALISED JUNE 2020 RUN-RATE REVENUE IS ESTIMATED TO BE ABOUT $85 MILLION
    • ANNUALISED JUNE 2020 RUN RATED EBITDA IS ESTIMATED TO BE ABOUT $21 MILLION
 
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