The Agreement is not expected to have any material impact on the consolidated earnings per share or net tangible assets
per share of the Group for the current financial year ending 31 May 2019.
Net tangible assets
per share is expected to be 4p lower, reflecting market losses in the last quarter of 2018, the company said.
As currently proposed, the new listing requirements pertaining to those entities applying under the "assets test" include increasing the minimum financial thresholds (net tangible assets
greater than A$5 million or market cap greater than A$20 million) and having audited financial reports for the past three years.
The disposal is expected to have no material impact on the group's earnings for the fiscal year ending 30 June 2014, but is seen to increase the net tangible assets
per share by some SGD0.07 for the same year, K1 explained.
Allen Lew, SingTel's head of digital business said, "The way we value this company is not based on just the net tangible assets
. We value this company based on what we think eventually it will be worth." SingTel has nearly 434 million subscribers in 25 countries; with Amobee's acquisition, it aims at tapping in new opportunities beyond mobile advertising such as loyalty rewards program and targeted deals.
As of July 31, the net tangible assets
of Southern Bank were USD180m.
As of end-July, Southern Bank's net tangible assets
The rule changes would also allow companies to list without any minimum market capitalisation, provided they meet specific criteria of profitability (of $1 million for the most recent 12 months, and an aggregate of $10 million over the most recent three years), or else hold net tangible assets
of $10 million.
The group says this contract is not expected to have any material impact on its consolidated net tangible assets
per share and earnings for the current financial year.
The purchase price is euro 267 million reflecting minimum net tangible assets
of euro 205 million.
The Senior Secured Term Loan facility also offers an option to increase the first lien loan by up to an additional USD350m as the company's Adjusted Consolidated Net Tangible Assets
Initial consideration is a fixed sum of 4m Euro plus an amount to be agreed for net tangible assets
. The total initial sum including net tangible assets
is expected to be approximately 7m Euro, payable in cash annually in arrears over a period of up to three years.