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BRIEF-Over The Wire Holdings To Acquire Access Digital Networks And Comlinx

Published 18/10/2018, 02:57 pm
© Reuters.  BRIEF-Over The Wire Holdings To Acquire Access Digital Networks And Comlinx
OTW
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Oct 18 (Reuters) - Over The Wire Holdings Ltd OTW.AX :

* TO ACQUIRE ACCESS DIGITAL NETWORKS AND COMLINX

* ACQUISITIONS ARE FULLY FUNDED BY INSTITUTIONAL PLACEMENT OF 5 MILLION SHARES TO RAISE $21.5MLN AND EXISTING CASH

* EPS ACCRETION EXPECTED IN FY19 AND FY20 (PRE SYNERGIES)

* UPFRONT CONSIDERATION FOR ACCESS DIGITAL NETWORKS OF $13.1 MILLION

* UPFRONT CONSIDERATION FOR COMLINX OF $16 MILLION

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