News - SLM Corporate

14 May

Independent Valuation Report – Listing Rule 7.1A.3

SLM advises that it has completed an Independent Valuation Report for ASX Listed Elixinol Global Limited (ASX EXL).

Under Australian Securities Exchange (“ASX”) Listing Rule 7.1A.3 where equity securities are issued for non-cash consideration (i.e. the acquisition of an asset), the eligible entity must provide for release to the market a valuation of the non-cash consideration that demonstrates that the issue price of the securities complies with the Listing Rule 7.1A.3.  The rule requires that the eligible entity must demonstrate that the deemed issue price of the securities issued in consideration for the acquisition of the asset is no lower than 75% of the volume weighted average share price (“VWAP”) of the securities over the 15 days during which trades in the securities were recorded immediately before the securities are issued.

A copy of the report can be found here: https://www.asx.com.au/asxpdf/20190424/pdf/444hwsnrxq07rr.pdf

For further information, please contact Barry Lewin or Kuo ning Ho from SLM Corporate on 03 9244 9644.

29 Mar

Historic Timber Creek native title compensation case determined in the High Court – SLM acted as economic expert for the indigenous parties

In News by SLM / March 29, 2019 / 0 Comments

We are very proud to advise that SLM Corporate acted as an economic expert for the indigenous parties in the historic Timber Creek native title compensation claim in which the High Court has for the first time brought important clarity to the process for assessing just compensation when native title rights are extinguished.

For further information, please contact Barry Lewin (barry.lewin@slmcorporate.com.au) or Kuo ning Ho (kuoning.ho@slmcorporate.com.au), or the SLM offices on 03 9244 9644

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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