G8 EDUCATION LIMITED(GEM)

The suspension of trading in the securities of G8 Education Limited will be lifted from the commencement of trading today, Tuesday 14 April 2020 following the release by GEM of an announcement regarding the outcome of GEM's institutional placement and the institutional component of its accelerated non-renounceable entitlement offer.

The company successfully completed its institutional placement and the institutional component of its accelerated pro rata non"renounceable entitlement offer of new fully paid ordinary shares.

The company issues a cleansing statement in relation to its accelerated, non-renounceable entitlement offer of 1 new fully paid ordinary share in G8 for every 2.2 fully paid ordinary shares in G8 held as at 7.00pm (AEST) on Wednesday, 15 April 2020.

The company issues a notice of Proposed issue of Securities - GEM.

The company releases an Equity Capital Raising Investor Presentation.

Federal and State Governments have committed to support the essential service of early childhood education through the Early Childhood Education and Care Relief Package, the JobKeeper Package and State based packages. These measures will enable centres to remain open and keep team members employed. G8 will undertake a fully underwritten Equity Capital Raising of approximately $301 million to provide additional liquidity to support the continuation of the Group's operations through the period impacted by COVID"19, while also strengthening the Balance Sheet to position the Group for further growth opportunities during the recovery phase. G8's lending syndicates have reaffirmed their continued support of the Group and agreed amendments to the Group's debt facilities to provide covenant relief for the next two testing periods, being June 2020 and December 2020. G8 has enacted a number of initiatives designed to preserve cash and improve efficiency through the period impacted by COVID"19, while continuing to prioritise the safety and health of children and team members.

GEM's 2020 AGM will be held on Wednesday, 17 June 2020 commencing at 10.00am. The AGM will be held by either Hybrid or Virtual means. The closing date for receipt of nominations from persons wishing to be considered for election as director of G8 is 10.00am on 28 April 2020, being 35 business days before the date of the AGM.

The company releases an updated notification with dividend/distribution, with the update being an adjustment of DRP price.

The company has temporarily suspended dividends, with the exception of the deferred CY19 final dividend which will be paid in October 2020. G8 does not expect to declare or pay a dividend in respect of CY20. A dividend may, subject to financial performance, be paid in respect of the CY21 half year.

The company requests the voluntary suspension to remain in place until the earlier of the company making an announcement to the market in relation to the completion of the capital raising and the commencement of normal trading on Tuesday, 14 April 2020.

The Company requests the voluntary suspension to remain in place until the earlier of the Company making an announcement to the market in relation to the impact of COVID-19 on current trading performance and the forecast impact of the Government Support Package on the company's operatoins and financial performance, and the company's capital position, and the commencement of normal trading on 14 April 2020.

The securities of G8 Education Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GEM, pending the release of an announcement regarding the impact of COVID-19 on current trading performance and the forecast impact of the Government Support Package on GEM's operations and financial performance.

The securities of G8 Education Limited will be reinstated to official quotation immediately, following the Company's announcement regarding completion of its capital raising.

G8  Education  Limited  is  today  pleased  to  announce  the  successful completion  of  the  fully  underwritten  institutional  placement to raise $100 million announced on Tuesday, 23 May 2017.  

G8  Education  Limited  today  announces  a  fully  underwritten  institutional  placement to  raise approximately $100 million  to  reduce  debt and fund growth opportunities.  The company also provides an update on the CIPI placement.

The company is finalising arrangements with respect to its funding and is looking forward to making a full announcement later to the market. The compnay expects that the voluntary suspension will end and normal trading in its securities will resume from the commencement of trading on Wednesday 24 May 2017.

The securities of G8 Education Limited will be suspended from quotation from the commencement of trading tomorrow, Friday, 19 May 2017, at the request of the Company, pending the release of an announcement regarding finalisation of the Company's funding.

Cherie Hearts International Pte Ltd has commenced legal proceedings in Singapore seeking to set aside the receivership of its company and the exercise by G8 Education of its rights under security documentation. A one day special hearing will occur on either the 14th or 15th of April 2011 to determine the outcome. KordaMenthNeo will remain receiver subject to the April 2011 hearing. G8 Education remains confident of its legal position and will continue operating its Cherie Hearts centres and franchise business in the usual way

name changed from Early Learning Services Limited