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QANTM Intellectual Property Limited (ASX:QIP) (QANTM) and Xenith IP Group Limited (ASX:XIP) (Xenith) are pleased to announce that they have today entered into the attached Scheme Implementation Deed, under which the two companies will merge through an all-scrip scheme of arrangement (Scheme) whereby Xenith shareholders will receive 1.22 QANTM shares for each Xenith share they hold (the Transaction).
The Transaction will create a market leading group of independent intellectual property services businesses in Australia, New Zealand and Asia with a pro forma market capitalisation of approximately $285.2 million2 (the Merged Group). On completion of the Transaction, QANTM and Xenith shareholders will own 55% and 45% respectively of the Merged Group.
The merger enables accelerated expansion into the high-growth Asian region, leveraging existing presence, and enhances the ability to drive innovation and efficiency through investment in world-class technology platforms.
Read the full ASX announcement here