1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Cipherpoint Limited
  6. News
  7. Summary
    CPT   AU0000073827

CIPHERPOINT LIMITED

(CPT)
Delayed Australian Stock Exchange  -  12:14 2022-08-12 am EDT
0.006000 AUD    0.00%
08/05CIPHERPOINT LIMITED : RIGHTS ISSUE: 2 new shares @ 0.005 AUD for 3 existing shares
FA
07/28CIPHERPOINT : Appendix 4C and Activities Report
PU
07/28Australian Shares Rise for Third Straight Day as US Fed Hints at Slower Rate Hikes
MT
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Cipherpoint Limited completed the acquisition of Virtual Information Technology Pty Limited.

11/25/2021 EDT

Cipherpoint Limited (ASX:CPT) signed a binding term sheet to acquire Virtual Information Technology Pty Limited for AUD 2.02 million on October 13, 2021. The upfront consideration shall be paid in 0.75 million cash, 10.2 million shares of Cipherpoint at completion to be voluntarily escrowed for a period of 6 months from completion and further AUD 1 million of ordinary CPT shares are to be issued on achieving FY22 and FY23 financial milestones. First earnout of AUD 0.5 million worth of shares, based on achieving a revenue target of AUD 0.9 million or more for 12 month period ending June 30, 2022. If the milestone is not met shares will be allotted on a pro rata basis provided that no milestone shares will be issued unless revenue of AUD 0.75 million is achieved. Second earnout of AUD 0.5 million worth of shares, based on achieving a revenue target of AUD 1.2 million or more for 12 month period ending June 30, 2023. CPT will also execute an executive agreement for the for the VIT Cyber Security founder a market based salary, the issue of an initial 1.25 million performance rights with vesting when CPT trades above 10c per share for 5 consecutive trading days or where market capitalization exceeds AUD 22 million for any 5 consecutive trading days; and a further 1.25 performance rights to be issued to the VIT Cyber Security subject to the revenue for VIT Cyber Security achieving a minimum of AUD 0.9 million in revenue for the 12 months to June 30, 2022. CPT also intends to issue VIT Cyber Security employees share based incentives under its existing employee security ownership plans. For the financial year ending, June 30, 2021, Virtual Information Technology Pty Limited had a revenue of AUD 0.703 million. The terms sheet is subject to, the execution of formal documentation, confirmatory due diligence and CPT obtaining any shareholder and regulatory approvals and waivers (if any are required). Shareholder approval will be sought for the issue of the earn-out shares. The transaction is expected to complete by October 31, 2021. Cipherpoint Limited (ASX:CPT) completed the acquisition of Virtual Information Technology Pty Limited on November 25, 2021. The parties entered into formal documents on November 25, 2021.


© S&P Capital IQ 2021
All news about CIPHERPOINT LIMITED
08/05CIPHERPOINT LIMITED : RIGHTS ISSUE: 2 new shares @ 0.005 AUD for 3 existing shares
FA
07/28CIPHERPOINT : Appendix 4C and Activities Report
PU
07/28Australian Shares Rise for Third Straight Day as US Fed Hints at Slower Rate Hikes
MT
07/28Cipherpoint Acquiring IT, Security Services Provider for $2.3 Million
MT
07/28Cipherpoint Limited entered into an agreement to acquire Excite IT Pty Ltd. for AUD 3.7..
CI
07/27CIPHERPOINT : Proposed issue of securities - CPT
PU
07/25CIPHERPOINT : Annual Report to shareholders
PU
06/10Cipherpoint's Loss Narrows in Fiscal Year Ended March
MT
06/10CIPHERPOINT : Appendix 4E and Preliminary Financial Report
PU
06/10Cipherpoint Limited Reports Earnings Results for the Full Year Ended March 31, 2022
CI
More news
Financials
Sales 2022 4,00 M 2,84 M 2,84 M
Net income 2022 -9,00 M -6,39 M -6,39 M
Net cash 2022 1,62 M 1,15 M 1,15 M
P/E ratio 2022 -0,80x
Yield 2022 -
Capitalization 2,48 M 1,76 M 1,76 M
EV / Sales 2021 13,1x
EV / Sales 2022 1,92x
Nbr of Employees -
Free-Float 77,4%
Chart CIPHERPOINT LIMITED
Duration : Period :
Cipherpoint Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Edward Noel Pretty Executive Chairman, Chief Executive Officer & MD
Tom Carolan Chief Financial Officer & Joint Secretary
Graham Brian Mirabito Lead Independent Non-Executive Director
Steven Bliim Non-Executive Director
Patrick Gowans Joint Secretary
Sector and Competitors
1st jan.Capi. (M$)
CIPHERPOINT LIMITED-78.83%2
MICROSOFT CORPORATION-13.20%2 177 033
ATLASSIAN CORPORATION PLC-25.71%72 208
SYNOPSYS INC.4.60%58 961
DASSAULT SYSTÈMES SE-18.28%57 591
CADENCE DESIGN SYSTEMS, INC.1.33%51 715