ALLEGRA ORTHOPEADICS LIMITED ISSUE OF SHARES TO ROBINWOOD INVESTMENTS PTY LTD
Independent Expert's Report pursuant to Section 611 of the Corporations Act
17 OCTOBER 2016 GlossaryAbbreviated Term | Definition |
AMT | Allegra Orthopaedics Limited |
AFSL | Australian Financial Services Licence |
APES 225 | Accounting Professional and Ethical Standards Board professional standard 225 - Valuation Services |
ASIC | Australian Securities and Investment Commission |
Asset Based Approach | The asset-based approach involves separating the business into components that can be readily sold or represented individually |
ASX | Australian Securities Exchange |
AU$ | Australian Dollar |
Company | Allegra Orthopaedics Limited |
Book Value | The value of a security or asset as entered on a firm's statement of financial position (also referred to as Carrying Value) |
CME | Capitalisation of Maintainable Earnings |
Company | Allegra Orthopaedics Limited |
Directors | Directors of the Company |
EBIT | Earnings Before Interest and Tax |
EBITDA | Earnings Before Interest, Tax, Depreciation and Amortisation |
AGM | Annual General Meeting |
Escrowed Proceeds | Proceeds held in escrow until some future event |
EV | Enterprise Value |
Issue Price | $0.08 per Share |
Moore Stephens | Moore Stephens (Vic) Pty Ltd - AFSL Holder 247362 |
MVE | Market Value of Equity |
NAV | Net Asset Value |
Net Debt | Debt minus cash held by the operating entity |
NOM | Notice of Meeting |
Abbreviated Term | Definition |
Non-Associated Shareholders | AMT Shareholders not associated with the Proposed Transaction |
NPAT | Net Profit After Tax |
NTAV | Net Tangible Asset Valuation |
Placement Shares | Proposed placement of 9.56 million new fully paid ordinary shares in AMT at an issue price of $0.08 per Share |
Proposal | The proposed transaction the subject of this IER |
Proposed Transaction | The raising of approximately $764,415 in capital by a Placement of Shares to Robinwood |
QMV / QMP | Quoted Market Value/Price |
Report | This Independent Expert Report prepared by Moore Stephens in relation to the Proposal |
Robinwood | Robinwood Investments Pty Ltd |
Robinwood Loan | Robinwood provided a loan facility of $1 million on commercial terms to AMT in June 2016, which is currently drawn down to $700,000, and is due for full repayment in December 2016. |
RG 74 | ASIC Regulatory Guide 74 - Acquisitions Approved by Members |
RG 111 | ASIC Regulatory Guide 111 - Content of Experts Reports |
RG 112 | ASIC Regulatory Guide 112 - Independence of Experts |
RG 170 | ASIC Regulatory Guide 170 - Prospective Financial Information |
Shares | Fully paid ordinary shares in the Company |
VWAP | Volume-Weighted Average Price |
CORPORATIONS ACT - GIVING A FNANCIAL BENEFIT TO A RELATED PARTY 7
NET TANGIBLE ASSET VALUATION OF AMT - BEFORE THE PROPOSED TRANSACTION 18
NET TANGIBLE ASSET VALUATION OF AMT - FOLLOWING THE PROPOSED TRANSACTION 19
ASSESSMENT OF THE ADVANTAGES AND DISADVANTAGES OF THE PROPOSED TRANSACTION 20
Allegra Orthopaedics Limited published this content on 26 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 October 2016 01:02:05 UTC.
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