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Company News Summary

Domain Holdings Australia Announces Acquisition of Realbase and $180m Equity Raising

01 Apr 2022  |  09:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of Realbase and $180m Equity Raising

Domain Holdings Australia announced that it has entered into a binding agreement to acquire (through one of its wholly-owned subsidiaries) 100% of Realbase, for upfront cash consideration of A$180m plus contingent consideration of up to A$50m which may be payable for achievement of stretch financial performance targets (the Acquisition). The Upfront Consideration will be fully funded by a fully underwritten 1 for 12.33 pro rata accelerated non renounceable entitlement offer to raise A$180m, offered at $3.80 per new ordinary Company share.

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