MOA Group shareholders strongly support Savor acquisition

At the Special Shareholders Meeting for MOA Group this afternoon, MOA Shareholders overwhelmingly voted for the acquisition of the Savor Group assets and the appointment of Lucien Law and Paul Robinson as additional directors from settlement of the acquisition. Final third party consents are being obtained, and the transaction remains on track to settle on 1 April 2019. The rights issue will go ahead, opening on 18 March 2019 and closing on 5 April 2019. The acquisition is forecast to take MOA Group combined revenue in excess of $40m and EBITDA to $3.6m in the full FY20 financial year. Voting results are attached. End CA:00331832 For:MOA Type:MEETING Time:2019-03-12 17:10:11