EVO - Evolve Education

[DarkHorse]

Is anyone still following this now it's only on the ASX? Any thoughts?

[nztx]

Is anyone still following this now it's only on the ASX? Any thoughts?

It seemed to like the brighter sunshine over the way last time the balloon went up

Be interesting see how much of the Share Register is still Kiwi holders, if there are any Kiwi Imputation credits left

[nztx]

The last Release:

Embark Early Education (ASX:EVO)
Announcement Re Acquisition Of 9 Centres, Dividend And Debt Funding
Acquisition Of Nine Centres
=======================

The Board of Embark Early Education Limited is pleased to announce that conditional contracts have
been executed for the acquisition of nine childcare centres. These contracts are subject to customary
conditions such as transfer of license/lease assignment and are expected to settle from mid March
through to late April:
9 centres Five centres in Victoria. Four centres in Queensland.
Total LPs 917 licensed places.
Occupancy All centres experience high occupancy.
EBITDA Annualised forecast at $6.3m.
Price $25.2m.
Funding Expected to be funded from cash reserves and operating cash flow.
Extra Costs EVO expects to employ one more Support Office staff.

Dividend
=======
The Board of Embark Early Education Limited has resolved to pay a dividend of AUD0.015 (one and a
half cents) per share as an interim dividend for the second half of FY2023. This dividend will be fully
franked. The ex-div date for the will be 5 March 2024; the record date will be 6 March 2024; and the
payment date will be 26 March 2024.

Debt Funding
===========
The Board of Embark Early Education Limited is pleased to announce that Embark is in receipt of a bank
Credit Approved Facility for $20m based on past financial performance. This facility would be available
for further acquisitions.

Looks like the promised land is quite prosperous after dumping the NZ Operations before departing NZX


Another 1.5c AU shot out the door to the eagerly waiting stakeholders on 26 March 2024