News and Announcements
BPS Makes Transformative Acquisition of Entertainment Publications & Investor Presentation
- Published August 12, 2016 11:31AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
12th August 2016, ASX Announcement
Highlights:
- BPS to acquire Entertainment Publications Australia and New Zealand, a leading business -to-consumer (B2C) deals platform which produces the Entertainment Book and the Entertainment Digital Membership
- Acquisition set to boost BPS’ growth profile with FY17E pro forma revenue growth of 118% and FY17E pro forma EBITDA growth of 49%. Significant future growth potential with the combined BPS group benefiting from a network of 36,000 SMEs, 18,000 NFPs and 550,000 paying customers (“Members”)
- BPS successfully completes institutional placement, raising $27.5 million to fund the Entertainment acquisition and to provide growth / working capital
- Institutional placement was significantly oversubscribed with strong demand received from institutional and sophisticated investors
- All eligible BPS shareholders invited to participate in a non-underwritten Share Purchase Price Plan at the same price as the placement ($0.94)
Leading channel enablement and payments platform provider BPS Technology Limited (“BPS”, “BPS Technology” or “the Company”) is pleased to announce the successful completion of its underwritten $27.5 million institutional placement.
To view the full announcement, please click on the button below.
To view the Investor Presentation, please click on the button below.
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