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Deferred Consideration, Transfer of Treasury Shares and Total Voting Rights
Globenewswire· 2025-12-01 07:05
Core Points - Foresight Group Holdings Limited has announced the payment of an initial AU$19,555,230 in earn-out consideration related to the acquisition of Infrastructure Capital in 2022, with 50% paid in cash and 50% through shares [2] - The share component of the earn-out consideration involves the transfer of 775,679 ordinary shares, representing approximately 74% of the total shares to be transferred, with the remaining shares to be transferred in the coming days [2] - The maximum total earn-out consideration from the acquisition could reach AU$30 million, with further announcements expected if additional amounts become due [2] Financial Details - The value of the Consideration Shares is AU$9,777,615 (approximately £4.8 million) based on a fixed share price of around 464.27p [3] - The share element of the earn-out consideration is subject to performance-based targets and will be forfeited until 30 June 2028, with lock-up provisions preventing disposal or transfer of shares before this date [3] Share Structure - Following the Treasury Share Transfer and recent share buybacks, the total number of ordinary shares in the company will be 116,347,803, with 1,062,802 shares held in treasury, resulting in total voting rights of 115,285,001 [4]