Praemium (ASX:PPS) issued an earn-out statement to Iress (ASX:IRE) on Wednesday advising that no earn-out is owed under the terms of its acquisition of the OneVue platform business from the firm, according to a same-day filing with the Australian bourse.
The statement is in relation to the first earn-out period, based on the funds under administration from OneVue clients on the platform as of Jan. 15.
The second earn-out will be based on funds under administration from the clients on the platform as of Oct. 15.
The lack of an earn-out was attributed by the firm to the estimated funds under administration on the OneVue platform in the period being less than the AU$3 billion threshold due to a termination agreed with a OneVue client as well as outflows from existing clients from the platform since the date of acquisition.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。