AD1 Holdings Limited (ASX: AD1) announces its conditional binding Share Purchase Agreement to acquire 100% of the issued shares in Oliver Grace Pty Ltd ACN 638 080 476. Concurrently, it successfully placed 320,000,000 fully paid ordinary shares in AD1 to raise AU$1,600,000 from investors. This strategic move promises a range of benefits:
Unlocking new organic revenue opportunities through the existing AD1 platforms, Enhancing brand positioning and messaging for improved customer engagement, Reducing yearly group external advisor costs through in-house functions, and Accessing the seasoned expertise of the Oliver Grace team, known for delivering top-notch services to over 150 customers in the last four years, thus enriching AD1's talent pool. By integrating Oliver Grace's corporate services roles into AD1, the company will achieve economies of scale, refocus on core business objectives, and realize significant cost savings. This acquisition will solidify its position and ensure a secure financial future for the company.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
