Nov 27 (Reuters) - XENITH IP GROUP LTD :
* QANTM INTELLECTUAL PROPERTY AND XENITH IP GROUP TO MERGE
* THROUGH A SCHEME OF ARRANGEMENT, WITH XENITH SHAREHOLDERS TO RECEIVE 1.22 QANTM SHARES FOR EACH XENITH SHARE HELD
* ON COMPLETION OF TRANSACTION, QANTM AND XENITH SHAREHOLDERS WILL OWN 55% AND 45% RESPECTIVELY OF MERGED GROUP
* MERGED GROUP FY18 PRO FORMA EBITDA OF $45.2 MILLION; MERGER EXPECTED TO ACHIEVE COST SYNERGIES OF $7 MILLION PER ANNUM REALISED AT END OF YEAR 3
* RICHARD ENGLAND TO BE APPOINTED AS MERGED GROUP'S CHAIR, CRAIG DOWER AS CEO