TPS 0.00% 3.8¢ threat protect australia limited

Jan 5 (Reuters) - Threat Protect Australia Ltd (TPS) Asx...

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    Jan 5 (Reuters) - Threat Protect Australia Ltd (TPS)

    • Asx alert-TPS secures option to acquire 2 businesses in NSW & QLD
    • Entered into an option agreement to acquire apollo security pty, a sydney based security services business for approximately $6.0 million
    • Acquisition would grow threat protect's national presence adding anticipated recurring annual revenue of $3.2 million
    • Acquisition expected to generate over 100% increase on threat protect's fy 2016 total security monitoring revenue; be immediately eps accretive
    • Proposed acquisition will be fully funded by company's acquisition funding facility with first samuel announced in november
    • Anticipated revenue from apollo business would more than double company's total monitoring revenue invoiced in fy 2016 of $2.84 million.
 
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Currently unlisted public company.

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