Embark Early Education Acquires Two Additional Queensland Centers for AU$3.7 Million; Shares Rise 4%

MT Newswires Live

May 15, 2025

Embark Early Education (ASX:EVO) said that conditional contracts were executed for two further centers in Queensland for a total purchase price of AU$3.7 million, according to a Thursday Australian bourse filing.

The contracts are subject to customary licensing and other regulatory approvals. Settlement is estimated to be in late May for one and early July for the other. The acquisition will be funded by a drawdown of bank debt, which currently stands at AU$4.4 million.

Due diligence continues on further acquisitions, per the filing.

Its board resolved to pay a further quarterly dividend of AU$0.015 per share as an interim dividend for the fiscal year 2024, to shareholders on record as of May 27, with payment expected on June 17.

Its shares rose 4% in recent trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2535403852"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2535403852\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2535403852?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-15 12:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2535403852","market":"nz","top_or_hot":-1,"title":"Embark Early Education Acquires Two Additional Queensland Centers for AU$3.7 Million; Shares Rise 4%","media":"MT Newswires Live","content":"<html><body><p> Embark Early Education (ASX:EVO) said that conditional contracts were executed for two further centers in Queensland for a total purchase price of AU$3.7 million, according to a Thursday Australian bourse filing.</p><p>The contracts are subject to customary licensing and other regulatory approvals. Settlement is estimated to be in late May for one and early July for the other. The acquisition will be funded by a drawdown of bank debt, which currently stands at AU$4.4 million.</p><p>Due diligence continues on further acquisitions, per the filing.</p><p>Its board resolved to pay a further quarterly dividend of AU$0.015 per share as an interim dividend for the fiscal year 2024, to shareholders on record as of May 27, with payment expected on June 17.</p><p>Its shares rose 4% in recent trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Embark Early Education Acquires Two Additional Queensland Centers for AU$3.7 Million; Shares Rise 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEmbark Early Education Acquires Two Additional Queensland Centers for AU$3.7 Million; Shares Rise 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-05-15 12:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Embark Early Education (ASX:EVO) said that conditional contracts were executed for two further centers in Queensland for a total purchase price of AU$3.7 million, according to a Thursday Australian bourse filing.</p><p>The contracts are subject to customary licensing and other regulatory approvals. Settlement is estimated to be in late May for one and early July for the other. The acquisition will be funded by a drawdown of bank debt, which currently stands at AU$4.4 million.</p><p>Due diligence continues on further acquisitions, per the filing.</p><p>Its board resolved to pay a further quarterly dividend of AU$0.015 per share as an interim dividend for the fiscal year 2024, to shareholders on record as of May 27, with payment expected on June 17.</p><p>Its shares rose 4% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7132","symbol_name":"教育服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2535403852","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535403852","pubTimestamp":1747283813,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Embark Early Education  said that conditional contracts were executed for two further centers in Queensland for a total purchase price of AU$3.7 million, according to a Thursday Australian bourse filing.The contracts are subject to customary licensing and other regulatory approvals. Settlement is estimated to be in late May for one and early July for the other. The acquisition will be funded by a drawdown of bank debt, which currently stands at AU$4.4 million.Due diligence continues on further acquisitions, per the filing.Its board resolved to pay a further quarterly dividend of AU$0.015 per share as an interim dividend for the fiscal year 2024, to shareholders on record as of May 27, with payment expected on June 17.Its shares rose 4% in recent trading on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7132":"教育服务","EVO.AU":"EMBARK EARLY EDUCATION LTD"},"translate_title":"Embark Early Education以370万澳元收购了另外两个昆士兰中心；股价上涨4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVO.AU":0.9},"content_text":"Embark Early Education (ASX:EVO) said that conditional contracts were executed for two further centers in Queensland for a total purchase price of AU$3.7 million, according to a Thursday Australian bourse filing.The contracts are subject to customary licensing and other regulatory approvals. Settlement is estimated to be in late May for one and early July for the other. The acquisition will be funded by a drawdown of bank debt, which currently stands at AU$4.4 million.Due diligence continues on further acquisitions, per the filing.Its board resolved to pay a further quarterly dividend of AU$0.015 per share as an interim dividend for the fiscal year 2024, to shareholders on record as of May 27, with payment expected on June 17.Its shares rose 4% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}