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Company News Summary

Appen Provides Investor Presentation

11 Mar 2019  |  09:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation

Appen provided investor presentation. It has entered into an agreement to acquire Figure Eight for US$175m in upfront payment and an earn-out of up to a maximum of US$125m based on Figure Eight's achievement of incremental FY 2019 subscription software revenue targets payable in March 2020. It is launching a fully underwritten institutional placement of A$285m (Placement) and has entered arrangements for up to US$125m of new debt facilities expected to be drawn down in March 2020 for the earn-out payment.

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