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G8 EDUCATION LIMITED — Capital/Financing Update 2013
Dec 1, 2013
64978_rns_2013-12-01_44bb7f89-4121-49fa-aff6-04b5ded62f74.pdf
Capital/Financing Update
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ASX Announcement
G8 Education Limited (ASX:GEM)
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2 December 2013
Settlement of Premium Early Education Centres
The directors of G8 Education Limited (ASX: GEM) are pleased to announce settlement of Aladdin, Iddy Biddy, Nurture One and Just Us Kids Early Education Centres. The acquisitions were originally announced to the ASX on 27 September 2013. There are no more acquisitions to settle from the ASX announcement dated 27 September 2013.
The purchase price for the 23 centres was $27.2 million upfront at settlement including transaction costs. The acquisition was acquired on 4 times EBIT.
The acquisition was funded from existing cash reserves.
ENDS Christopher Sacre Company Secretary
G8 Education Limited 159 Varsity Parade Varsity Lakes QLD 4227
ACN 123 828 553 [email protected] www.g8education.edu.au
t. +61 7 5581 5300 f. +61 7 5581 5311