All posts in General News

14 Oct

SLM advises ASX-listed global biopharmaceutical company Clinuvel Pharmaceuticals Limited (ASX: CUV) on updated remuneration arrangements for key executives

In Announcements,General News by SLM / October 14, 2019 / 0 Comments

SLM Corporate is pleased to announce that it has acted as independent adviser to the Remuneration Committee of the Board of Clinuvel Pharmaceuticals Limited in relation to the reasonableness of a proposed grant of performance rights to the Managing Director, and new remuneration arrangements for the Managing Director and Chief Financial Officer.

The proposed remuneration packages aimed to incentivise Clinuvel’s senior executives for achieving long term objectives, while awarding part of their incentives in Clinuvel equity in order to align their objectives and performance fully with the interests of the company’s shareholders.

SLM undertook benchmarking of the proposed packages against local and international comparable peers to Clinuvel, and also considered the experience of the executives and their track record of value creation for Clinuvel.  SLM’s findings and opinion as to the reasonableness of the proposed packages were presented to the Clinuvel Board’s Remuneration Committee.

Clinuvel is an ASX-listed global biopharmaceutical company focused on developing and delivering treatments for patients with a range of severe genetic and skin disorders.  The award of the proposed performance rights was conditional on the US Food and Drug Administration (“FDA”) approving Clinuvel’s lead drug, SCENESSE®, for distribution to EPP patients, to enter the US market.  This FDA approval was granted on 9th October 2019.

For further information on this matter please contact:

Barry Lewin

Managing Director

Ph: 03 9244 9644 or 0419 032493

Email: barry.lewin@slmcorporate.com.au

28 Jul

QuickFee Limited (ASX: QFE)

In Announcements,General News by SLM / July 28, 2019 / 0 Comments

SLM Corporate is pleased to have acted as corporate adviser to QuickFee Limited (“QFE” or “the Company”) in relation to its successful Initial Public Offering (IPO) and ASX listing (ASX: QFE).

QFE is a commercial finance and payment platform company which provides lending solutions to SME clients of professional services firms, with operations in Australia and the US.

Over the past year, SLM has worked closely with QFE, providing corporate advisory support as well as guidance and oversight during the prospectus due diligence process, to position the Company for a successful ASX listing. Upon listing, SLM’s Managing Director, Barry Lewin, has also agreed to join QFE’s Board as Independent Non-Executive Chairman.

Bell Potter Securities as Lead Manager raised $13.5 million under the IPO Share Offer, with QFE having a fully diluted market capitalisation upon listing of $32.3 million.  The offer was strongly supported by a range of institutional and sophisticated investors, with the funds raised being used by QFE to fund its customer acquisition drive and lending growth in both Australia and the US.

For further information on the above, please contact:

Barry Lewin
Managing Director
Ph: 03 9244 9644 or 0419 032493
Email: barry.lewin@slmcorporate.com.au

01 Feb

Valuation Update

I am delighted to welcome Jason So as a Manager at SLM Corporate. Jason joined us last December, and supports the continued growth of our valuation and expert report practice. This team is led by SLM Directors Kuo ning Ho and Shakeel Mohammed.

The team provides a range of valuation services to publicly listed and private companies and has experience in all sectors. Examples of our work include valuations for:

• Transactions (including internal restructuring)
• Director valuations (including asset impairment and IP valuations)
• Employee remuneration (share options, performance rights, loan shares)
• Expert reports for a range of purposes, including litigation

For further information, please contact Kuo ning Ho on 03 9244 9644 or Kuoning.Ho@slmcorporate.com.au

27 Aug

FY18 Review

I am pleased to provide our FY18 year-end round up, after another busy year at SLM.

SLM is now in its 20th year following our establishment in 1999, originally as Strategic Legal Management. Since the very early days, we have broadened our service offering significantly, and today our business is focussed on 3 key areas:

• M&A and transaction advisory – advising companies on mergers and acquisitions, business sales, IPOs , public company takeovers and schemes of arrangements, restructurings and strategic reviews

• Valuations and expert reports – independent valuations of businesses and securities (for various purposes), independent fairness reports and financial expert reports for litigation matters

• Capital raisings – originating high quality investment opportunities for our expanding sophisticated investor network.

We have been active in each of these areas over the past year. Public company transactions on which we advised included the sale of over a hundred KFC company-owned stores for YUM Brands, the recapitalisation of toy distributor Funtastic Limited, and the restructuring of paper merchant Spicers Limited’s complex capital structure.

Our valuation practice has also grown considerably, and we are today preparing independent valuation reports for an increasing number of publicly listed and private companies.  Our capability in this area has been significantly bolstered by the addition of Shakeel Mohammed to the team. Shakeel joins us after 9 years at Grant Samuel, and was recently promoted to Director at SLM.

During the past year we originated and raised capital for several high quality investment opportunities from our investor network. These included unlisted property funds (Elanor Commercial Property Fund, Belconnen Markets Syndicate, Barwon Healthcare Property Fund and Arrow Primary Infrastructure Fund), emerging equity fund managers (Capital H Inception Fund, DMX Capital Partners and Millex Ethical Fund), and early stage fintech ventures (Verifier and Rounded). There is strong interest from our growing investor network for opportunities which offer attractive risk-adjusted returns across a range of asset classes and sectors, and we continue to seek out and evaluate a pipeline of these opportunities.

The outlook in Australia remain favourable for business and investment, and we are optimistic about the year ahead.

Thank you to our clients, investors and referral partners for your support during the past year, and we look forward to working together and serving your future needs.

For further information, please contact Barry Lewin on barry.lewin@slmcorporate.com.au or +61 419 302 493.

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