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IPH LIMITED — Capital/Financing Update 2015
Sep 29, 2015
65137_rns_2015-09-29_ad3b1248-88f2-469f-9dbc-0c85ab574c33.pdf
Capital/Financing Update
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ASX Announcement
30 September 2015
Settlement of Pizzeys Acquisition
IPH announces that it has settled the acquisition of Pizzeys Patent and Trade Mark Attorneys Pty Limited by issuing 6,776,263 new IPH shares at an issue price of $5.41/share and the payment of $29,327,571. There will be a further payment of approximately $5.8m (subject to accounting adjustments) prior to the end of October 2015, once final balance sheet figures are determined and, as noted in our announcement of 18 September 2015, the vendors are also entitled to a potential earn-out payment based on FY2016 earnings growth, capped at $13.3m.
For more information, please contact: David Griffith, Managing Director Malcolm Mitchell, Group Chief Financial Officer Ph: +61 2 9393 0301
About IPH Limited
IPH Limited (“IPH”, ASX:IPH), the holding company of Spruson & Ferguson, Practice Insight, Fisher Adams Kelly and Pizzeys, is the leading intellectual property (“IP”) services group in the Asia-Pacific region offering a wide range of IP services and products. These services are provided across Australia, New Zealand, Papua New Guinea, the Pacific Islands and Asia from offices in Sydney, Brisbane, Melbourne, Canberra, Singapore, Kuala Lumpur and supported by a representative office in Shanghai. The group comprises a multidisciplinary team of approximately 360 people, including some of the most highly regarded IP professionals in the Asia-Pacific region. The team services a diverse client base of Fortune Global 500 companies and other multinationals, public sector research organisations, foreign associates and local clients. IPH is the first IP services group to list on the Australian Stock Exchange.
IPH Limited | Level 35, 31 Market St Sydney, NSW 2000, Australia | www.iphltd.com.au
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