March 25 (Reuters) - LogiCamms Ltd LCM.AX :
* PROPOSED MERGER OF LOGICAMMS AND OSD
* ANNOUNCES SIGNING OF A BINDING SHARE SALE AND PURCHASE AGREEMENT WITH OSD PTY LIMITED
* CURRENT LOGICAMMS SHAREHOLDERS WILL OWN 41% AND CURRENT OSD SHAREHOLDERS WILL OWN 59% OF MERGED BUSINESS
* DIRECTORS UNANIMOUSLY RECOMMEND LOGICAMMS SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED MERGER
* LOGICAMMS AND OSD HAVE IDENTIFIED INITIAL COST SYNERGIES OF APPROXIMATELY $3 MILLION PER ANNUM
* COMBINED BUSINESS WILL HAVE PRO FORMA FORECAST FY19 REVENUE OF $120 MILLION AND PRO FORMA FORECAST FY19 NORMALISED EBITDAI OF $6.7 MILLION
* PROPOSED MERGER INVOLVES LOGICAMMS ISSUING NEW SHARES TO EXISTING OSD SHAREHOLDERS AS CONSIDERATION FOR ACQUISITION