Nov 27 (Reuters) - QANTM Intellectual Property Ltd (QIP) :
- XENITH IP GROUP LTD - QANTM INTELLECTUAL PROPERTY AND XENITH IP GROUP TO MERGE
- XENITH IP GROUP LTD - THROUGH A SCHEME OF ARRANGEMENT, WITH XENITH SHAREHOLDERS TO RECEIVE 1.22 QANTM SHARES FOR EACH XENITH SHARE HELD
- XENITH IP GROUP LTD - ON COMPLETION OF TRANSACTION, QANTM AND XENITH SHAREHOLDERS WILL OWN 55% AND 45% RESPECTIVELY OF MERGED GROUP
- XENITH IP -MERGED GROUP FY18 PRO FORMA EBITDA OF $45.2 MILLION; MERGER EXPECTED TO ACHIEVE COST SYNERGIES OF $7 MILLION PER ANNUM REALISED AT END OF YEAR 3
- XENITH IP GROUP LTD - RICHARD ENGLAND TO BE APPOINTED AS MERGED GROUP'S CHAIR, CRAIG DOWER AS CEO
