Proposed Merger of Xenith IP and QANTM IP

Xenith IP Group Limited (ASX:XIP) and QANTM Intellectual Property Limited (ASX:QIP) enter into merger of equals, with Xenith shareholders owning 45% and QANTM shareholders 55% of the merged entity.

 

Implementation through a Scheme of Arrangement, with Xenith shareholders to receive 1.22 QANTM shares for each Xenith share held.  Implementation expected in April 2019.

Creates a group of industry leading, independent IP services businesses with 349 professionals in Australia, New Zealand and Asia.

Merged Group FY18 pro forma EBITDA of $45.2 million, with the merger expected to achieve cost synergies of $7 million per annum to be fully realised at the end of year three, generating earnings per share accretion for both Xenith and QANTM shareholders.

Increased scale enables accelerated expansion into the high-growth Asian region, leveraging existing presence, and enhances the ability to drive innovation and efficiency through investment in world-class technology platforms.

Further details relating to this proposed merger are available below.

 

Document Date Link
ASX Announcement - Proposed merger of XIP and QIP 27 November 2018 Opens in a new windowOpens in new window
Investor Presentation - Proposed merger of XIP and QIP 27 November 2018 Opens in a new windowOpens in new window

 

Investor Enquiries

Craig Dower – Managing Director and CEO
Lesley Kennedy – CFO and Company Secretary

Tel: +61 (0) 2 9777 1189

Media Enquiries

Richard Newsome
Cicero Communications

Tel: +61 (0) 402 056 047
Email: richard@cicero.net.au