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ATA - Atturra Limited

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Atturra Limited is a leading privately owned Australian technology services business. Formed in 2015, Atturra is a leader in designing, implementing and maintaining IT solutions for many of Australia’s largest private and public entities.

Atturra provides expertise across a broad range of specialist in-demand IT areas to deliver solutions to clients. Atturra uses transformative and market leading technologies and business applications that enable digital transformation.

Atturra engages over 500 consultants, IT and support personnel in Sydney, Melbourne, Brisbane, Canberra, Adelaide, Perth, New Zealand and Singapore. This includes over 200 security cleared personnel that enables Atturra to undertake work with Federal Government, Defence and National Security organisations.

It is anticipated that ATA will list on the ASX on 22 December 2021.

 

Dona Ferentes

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Listing date22 December 2021 ; 10:30 AM AEDT ##
Contact detailshttps://atturra.com/au-en/
Ph: +612 9657 0999
Principal ActivitiesTechnology Services
GICS industry groupTBA
Issue PriceAUD0.50
Issue TypeOrdinary Fully Paid Shares
Security codeATA
Capital to be Raised$24,800,000
Expected offer close date08 December 2021
UnderwriterMorgans Corporate Limited and Shaw and Partners Limited (Joint Underwriters/Lead Managers).
 

Dona Ferentes

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and list it did. now 55c and has been trading in the 50c to 60c range for the past 2 months.Market cap now $112million.

In Jan, Atturra acquired leading manufacturing ERP implementation business to extend ERP services
Highlights:
Atturra to acquire Kettering, an enterprise resource planning (ERP) solutions provider based in Brisbane, Australia which specialises in the implementation, management and ongoing support of ERP solutions in the manufacturing sector.
• Consistent with the trading update on 22 December 2021, the key business metrics continue to show strong performance and Atturra is on track to meet its prospectus EBIT forecast.
• The contribution of Kettering Acquisition is accretive to the prospectus forecast, the Company expects that the Acquisition will contribute positively to Atturra FY22 results.
• The Acquisition will make Atturra a market leader in QAD ERP solutions in Australia and will increase Atturra’s manufacturing client base to over 50.
• The Acquisition will provide several other Atturra business units, such as Atturra Cloud Applications, Atturra Data and Integration and Atturra Business Applications opportunity to extend their business services into Kettering’s client base.
• Upfront consideration of $3M in cash with earn-out consideration of up to $2.25M of cash subject to Kettering achieving performance hurdles based on audited EBIT targets for FY22, FY23 and FY24. The consideration will be funded from internal cash reserves.


Noticed that Mirrabooka has a small (its smallest) stake, at $500K (from IPO?)
 

Dona Ferentes

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30 June 2022:
Atturra (ATA) to acquire 100% of the fully diluted share capital of MOQ Limited (ASX code : MOQ) via Scheme of Arrangement
▪ Cash consideration of $0.05 for every 1 MOQ share held
▪ Represents a total offer value of $15.5 million

05 August 2022:
All cash offer from ATA to Acquire MOQ Limited increased to $0.06 per MOQ Share

08 August 2022:
MOQ confirms receipt of Superior Proposal
• MOQ Board has determined a competing proposal for $0.066 cash per MOQ share by way of a scheme of arrangement to be a Superior Proposal.
▪ Further to that announcement, MOQ wishes to advise that the third party bidder is Brennan VDI Pty Ltd ACN 125 976 007.

10 August 2022
Market Announcement
MOQ Limited (ASX: MOQ) ... Trading Halt

10 August 2022
Market Announcement
Atturra Limited (ASX: ATA) ... Trading Halt
 
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