Vysarn Limited (ASX:VYS) announces acquisition and capital raising

Vysarn Limited (ASX:VYS) has prepared a presentation in relation to its proposed placement of new fully paid ordinary shares to raise approximately A$38.2 million before costs. The presentation is dated 13 September 2024 and has been authorised for release to ASX by the Board of Directors of Vysarn. The presentation contains summary information about Vysarn and its subsidiaries, which is current as of the date of the presentation and remains subject to change without notice.

Executive Commentary on Acquisition and Capital Raising

The acquisition of CMP Consulting Group and Waste Water Services significantly enhances Vysarn's earnings profile. The acquisitions contribute over 70.0% NPAT growth for approximately 25% dilution. The Company's immediate focus will turn to the consolidation, integration, and growth of the acquisitions. Vysarn aims to continue implementing financial discipline and core strategies that have delivered strong financial performance to date.

Outlook and Key Transaction Terms

Vysarn aims to continue driving sustained year-over-year growth rates with acquisitions providing a foundation for future growth. The Company's vertical integration strategy has established a diversified national platform to deliver water services. However, the acquisition and capital raising are subject to various risks including contractual and completion risk, funding the acquisition, new business risk, due diligence risk, integration risk, early contract termination risk, historical liabilities, warranties & indemnities, dilution risk, and general economic risks. The Company is committed to addressing these risks and maintaining a strong financial position.