ISO Team

ISO Team: Intends to acquire four local companies for ~$11.0m as part of its plans to become a complete building and maintenance team. The companies are involved in new and complementary business areas that ISOTeam has yet to significantly tap into and twill add both depth and width to the group’s expertise and specialist capabilities. The proposed acquisitions will be funded by a combination of cash and the issuance of consideration shares, priced at $0.50 per share or at 10% discount to the VWAP of the market day immediately preceding the date of the agreements inked with the respective target companies.