Openn Negotiation Limited (ASX:OPN) entered into binding business sale and purchase agreement to acquire Proffer Group Pty Ltd for AUD 5 million on May 6, 2024. In consideration for the Acquisition, Openn has agreed to issue to the shareholders in Proffer 280,000,000 fully paid ordinary shares in the Company at a deemed issue price of AUD 0.00475 per Share and two tranches of 280,000,000 performance shares which will vest into ordinary shares on a 1:1 basis subject to the achievement of revenue-based criteria for 2024/25 and 2025/26 financial years. The transaction is subject to shareholder approval of Openn Negotiation.
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5-day change | 1st Jan Change | ||
0.006 AUD | -.--% | -.--% | -14.29% |
21/05 | Openn Negotiation Gets Funding for Operation as Administrators Take Expressions of Interest for Potential Sale, Recapitalization | MT |
13/05 | Openn Negotiation Appoints Administrators | MT |
1st Jan change | Capi. | |
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-14.29% | 4.46M | |
+27.66% | 443B | |
+31.75% | 276B | |
+12.57% | 145B | |
+7.73% | 93.11B | |
+64.02% | 61.13B | |
+14.54% | 46.32B | |
+23.05% | 35.73B | |
-12.79% | 31.13B | |
+19.09% | 30.13B |
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- Openn Negotiation Limited entered into binding business sale and purchase agreement to acquire Proffer Group Pty Ltd for AUD 5 million.