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    NZM   NZNZME0001S0

NZME LIMITED

(NZM)
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Global Marketplace New Zealand agreed to acquire GrabOne Ltd. from NZME Limited for NZD 17.5 million.

08/24/2021 EDT

Global Marketplace New Zealand agreed to acquire GrabOne Ltd. from NZME Limited (NZSE:NZM) for NZD 17.5 million on August 24, 2021. Global Marketplace will acquire GrabOne's business and assets. Deal value is payable in cash on completion. All current GrabOne staff will be offered roles with Global Marketplace. The transaction is due to be completed no later than October 31, 2021. Leading law firm, MinterEllisonRuddWatts advised Global Marketplace on the acquisition. The MinterEllisonRuddWatts team advised on all aspects of the transaction and was led by Corporate Partner Neil Millar and Senior Solicitor Jasmin Matthews. The deal team included IT and IP specialist partners Tom Maasland and Chris Young, Senior Associate James Marriner, senior solicitors Rob Penney and Rachel Hoggard and Solicitor Georgie Crawford. The period for satisfaction of the finance condition under the Sale and Purchase Agreement with Global Marketplace New Zealand Limited has been extended to October 22, 2021.


ę S&P Capital IQ 2021
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Financials
Sales 2021 344 M 243 M 243 M
Net income 2021 14,9 M 10,5 M 10,5 M
Net Debt 2021 15,7 M 11,1 M 11,1 M
P/E ratio 2021 15,0x
Yield 2021 5,31%
Capitalization 223 M 158 M 158 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,65x
Nbr of Employees -
Free-Float 91,8%
Chart NZME LIMITED
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Technical analysis trends NZME LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1,13 NZD
Average target price 1,08 NZD
Spread / Average Target -4,42%
EPS Revisions
Managers and Directors
Michael Raymond Boggs Chief Executive Officer
David Wylie Mackrell Chief Financial Officer
Barbara Joan Chapman Chairman
Matt Wilson Chief Operating Officer
Carol Anne Campbell Independent Director
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