Vysarn Says CMP Deal Announcement May Have Moved Stock Price Recently

MT Newswires Live

2024/09/25

Vysarn (ASX:VYS) shares rose to AU$0.475 on Sept. 10 from AU$0.405 at the close of trading on Sept. 4 after the water services company declared it had entered a binding share sale agreement to be acquired by CMP Consulting Group.

In response to the Australian bourse's "aware" letter, the company said Tuesday the pro-forma fiscal 2024 impact of the acquisition includes revenue increasing by AU$26.4 million and net profit after tax by AU$4.2 million.

In addition, Vysarn received firm commitments to raise around AU$38.2 million at an AU$0.40 issue price, the company said.

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