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IPH LIMITED — Capital/Financing Update 2015
Apr 29, 2015
65137_rns_2015-04-29_a7314727-5e5b-4feb-9561-96c08cfdf58d.pdf
Capital/Financing Update
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ASX Announcement
30 April 2015
IPH settles the acquisitions of Practice Insight and WiseTime
IPH is pleased to announce that it has settled the acquisitions of Practice Insight Pty Ltd and WiseTime Pty Ltd. The consideration of $8m paid for the businesses has been settled by the issue of 514,602 IPH ordinary shares at $4.6638, and the payment of $4,000,000. Approximately 334,706 additional IPH shares may be issued to complete the settlement once final accounting adjustments have been determined.
For more information, please contact:
David Griffith, Managing Director Malcolm Mitchell, CFO Ph: +61 2 9393 0301
About IPH Limited
IPH Limited (“IPH”, ASX:IPH) is the holding company of Spruson & Ferguson, one of the leading intellectual property (“IP”) services firms in the Asia-Pacific region, offering a wide range of services for the protection, commercialisation, enforcement and management of IP. These services are provided across Australia, New Zealand, Papua New Guinea, the Pacific Islands and Asia from offices in Sydney, Singapore, Kuala Lumpur and supported by a representative office in Shanghai. The firm comprises a multidisciplinary team of approximately 300 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 firm 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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