LMS Compliance Completes US$4.5M Acquisition of Anchor Tech with New Shares Issued at 15% Premium
Summary:
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LMS Compliance completed the acquisition of 75% of Anchor Technology Holdings (ACC HK) on 11 July 2025, making ACC HK a 75%-owned indirect subsidiary.
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The deal valued at US$4,511,867 is being satisfied in tranches. On completion:
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Paid US$816,373 in cash (S$1.08M).
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Issued 9,456,340 new shares at S$0.42 each, representing an agreed premium of 15% above the six-month VWAP of ~S$0.366, valued at US$2,994,544 (S$3.97M).
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This first tranche covers ~84.5% of the total purchase price.
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Post-issuance, company share capital increased to 114.4 million shares, with the new shares comprising ~8.3% of enlarged capital.
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Vendor and warrantors have agreed to a 3-year lock-up on these new shares.
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Trading of these shares will start 16 July 2025 on Catalist.
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LMS will announce when the remaining tranches are settled under the SPA.
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Shareholders advised to exercise caution and consult advisers if needed.