Home

(The abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 9 July 2021, 8 September 2021, 26 January 2022, 18 May 2022, 13 September 2022 and 9 November 2022 in relation to the Company's Regularisation Plan ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein)

As part of the Acquistion under the Company's Regularisation Plan, on 9 July 2021, Super Advantage (i.e. the Vendor) had entered into a profit guarantee agreement with the Company ("PGA") which is supplemented by a first supplemental PGA dated 26 January 2022 ("First Supplemental PGA") and a second supplemental PGA entered dated 18 May 2022 ("Second Supplemental PGA").

Following the completion of the Regularisation Plan, Southern Score, a wholly-owned subsidiary of the Company, had changed its financial year end from 31 December to 30 June so as to coincide with the financial year of the Company which is 30 June ("Change in FYE").

As the profit guarantee for the Regularisation Plan had been based on Southern Score's previous financial year of 31 December, the Company entered into a Third Supplemental PGA to align the PGA with Southern Score's new financial year end of 30 June.

Please refer to the attachment for further details of the Third Supplemental PGA.

This announcement is dated 11 September 2024.

Please refer attachment below.