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BRIEF-Catapult Group International reiterates FY17 revenue guidance

Published 02/05/2017, 02:48 pm
Updated 02/05/2017, 02:50 pm
© Reuters.  BRIEF-Catapult Group International reiterates FY17 revenue guidance
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May 2 (Reuters) - Catapult Group International Ltd CAT.AX -

* Reiterates fy17 revenue guidance of between $61.0m and $65.5m

* Is targeting two acquisitions of strategically complementary businesses

* To fund acquisitions co is raising approximately A$14 million via an institutional placement

* 24% pcp growth in elite unit sales to 2,583 versus 2,085 in q3 fy16

* Expected to generate positive group underlying ebitda for fy2017

* Is also extending offer to eligible shareholders via a share purchase plan (spp), to raise up to $3 million

* Institutional placement and spp are priced at $2 per share Source text for Eikon: ID:nASX29RZv8 Further company coverage: CAT.AX

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