Vertua Limited (NSX:VER) agreed to acquire Flynt Worldwide Pty Limited from Transport and Clearance Fund, managed by Transport and Clearance Pty Ltd for AUD 6.5 million on October 11, 2022. Vertua Limited will issue 32.5 million shares as consideration. For the year ended June 30, 2022, Flynt Worldwide Pty Limited reported Revenue of AUD 49.99 million, EBITDA of AUD 2.4 million, EBIT of AUD 2.4 million and PAT of AUD 2.05 million. The deal is subjected to approval of Vertua Limited shareholders, Vertua obtaining all necessary approvals, Transport and Clearance Pty Ltd obtain written consent for change in control in Fynt, Key management personnel signing a new employment contracts. The transaction is expected to complete on December 2022. David McCourt of BDO Corporate Finance Pty Ltd acted as fairness opinion provider to Vertua Limited (NSX:VER).

Vertua Limited (NSX:VER) completed the acquisition of Flynt Worldwide Pty Limited from Transport and Clearance Fund, managed by Transport and Clearance Pty Ltd on June 28, 2023.