IPH Ltd. ( (AU:IPH) ) has issued an update.
IPH Limited has announced the successful completion of the earn-out payment for the ROBIC business, acquired in December 2023, which amounted to CAD 5.6 million based on performance over the ensuing 12 months. As a result, IPH issued 427,346 fully paid ordinary shares to the sellers, with a portion of the payment also made in cash. These shares are under voluntary escrow until February 2027, indicating a commitment to long-term value creation and stability for stakeholders.
More about IPH Ltd.
IPH Limited is a leading intellectual property services group that includes a network of member firms such as AJ Park, Applied Marks, Griffith Hack, Pizzeys, ROBIC, Smart & Biggar, and Spruson & Ferguson. The company operates out of 27 offices and services over 25 IP jurisdictions, employing more than 1,800 people across countries including Australia, Canada, China, Hong Kong SAR, Indonesia, Malaysia, New Zealand, The Philippines, Singapore, and Thailand.
YTD Price Performance: -2.98%
Average Trading Volume: 890,186
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.33B
Learn more about IPH stock on TipRanks’ Stock Analysis page.