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Level 5, 126 Philip Street Sydney NSW 2000 GPO Box 5193 Sydney NSW 2001
Tel : 1300 288 664 or +61 2 9698 5414The suspension of trading in the securities of RLF AgTech Ltd will be lifted immediately following the release by RLF of an announcement regarding a material acquisition and equity raising. | 02/05/2024 |
The company releases Transformational Acquisition and Equity Raising Presentation. | 02/05/2024 |
The company releases a notice of proposed issue of securities. | 02/05/2024 |
The Company has entered into a binding Business Sale Deed (Acquisition Deed) to acquire the business assets of LiquaForce Pty Ltd, a long established, successful liquid fertiliser business with two major manufacturing hubs located in northern Queensland. RLF to acquire the assets of LiquaForce for a total of $4.5m comprising: $3m cash and $0.75m scrip considerations, payable on completion; and $0.75m deferred cash consideration, payable by 30 September 2024. Acquisition to be highly revenue and margin accretive, with material positive cash flow and EBITDA contributions to the Company. Total consideration implies: a FY23 revenue multiple of 0.22x; and an adjusted FY23 EBITDA multiple of 4.32x. RLF to establish a complete plant nutrition solution for Australian agriculture, by acquiring Queensland based LiquaForce with two established manufacturing facilities and significant operating revenues. The Acquisition provides RLF a strong foothold in Queensland, an important agricultural region in Australia and significantly diversifying RLF's sources of revenue. Strong strategic rationale provides RLF the ability to introduce its highly synergistic, higher margin products into LiquaForce's supply chain, providing further revenue and earnings generation. In relation to the funding of the Acquisition, RLF has secured a new debt facility of ~$2.9m and an additional ~$1.89m via placement. RLF intends to raise further funds under a share purchase plan. | 02/05/2024 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 30/04/2024 |
The securities of RLF AgTech Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of RLF, pending the release of an announcement regarding a material acquisition and the equity raising. | 29/04/2024 |
listed entity carried for record purposes only | 21/04/2022 |
Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 19/12/2023 | Donald McLay | 184,888 | $0.110 | $20,338.00 |
| 28/06/2022 | Donald McLay | 500,000 | $0.117 | $58,664.00 |
| 23/06/2022 | Liza Carpene | 190,000 | $0.130 | $24,700.00 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Ben Barlow | Chairman | 01/08/2024 |
| Gavin Ball | Managing Director | 21/04/2022 |
| Zaiqian Zhang | CFO, Company Secretary | 23/10/2023 |
| Paul McKenzie | Non Exec Director | 21/04/2022 |
| Shen Lu | Executive Director | 07/04/2019 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|
Date of first appointment, title may have changed.
