Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

G8 EDUCATION LIMITED Capital/Financing Update 2013

Dec 1, 2013

64978_rns_2013-12-01_44bb7f89-4121-49fa-aff6-04b5ded62f74.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX Announcement

G8 Education Limited (ASX:GEM)

==> picture [93 x 73] intentionally omitted <==

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