Bailador’s Siteminder Signed Definitive Agreement to Undertake an Equity Raising

Bailador Technology Investments Limited (ASX: BTI) announced that portfolio company SiteMinder has signed a definitive agreement to undertake an equity raising from new institutional investors.

As per Baildor’s policy to revalue its investment to match third party transaction, the transaction will result in a 27% uplift of current carrying value of SiteMinder from $72.9 million to $92.4 million.

There would also be an opportunity for Bailador and other early SiteMinder investor for a partial cash realisation at the same valuation as the new shares issued under the Transaction.

The transaction would result in increasing the pre-tax net tangible assets of BTI per share by 16.3 cents.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK