SXE southern cross electrical engineering ltd

SXE - Talk To Us, page-11

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    "With the acquisition of Trivantage, it says out of the 5.5 million SCEE shares in payment, 50% is escrowed for 12 months, that means 2.75m shares, on Hotcopper it currently says $136.4m in market cap, does this include the escrowed shares? "

    @ReXXar,

    I think you've got this a bit wrong.

    The "5.5m SCEE shares in payment" you reference (and I think you are confusing this with a number of shares to be issued, valued at $5.5m - based on 10-day VWAP preceding the acquisition announcement; so close to 12.5m shares, by my reckoning) are contingent on financial results for Trivantage for FY2021 (specifically, that Trivantage EBIT hits $10.1m).

    So, no SXE shares related to Trivantage have been issued at this stage.

    If Trivantage does hit $10.1m in EBIT for FY2021, then the company will have around 263m shares on issue (derived by 250.6m currently on issue - 248.05m quoted and 2.5m unquoted - plus the ~12.5m shares as deferred consideration for Trivantage).

    .
    Last edited by madamswer: 21/06/21
 
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