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Vinyl Group Ltd (ASX:VNL)

ALERT: Price-sensitive ASX Announcement for VNL
Current share price for VNL : $0.050 -0.01 (-16.67%)+
Announcement
Release
10 Jun 2026 9:30AM
Price at Release
$0.060
Full Release
download
Summary
Vinyl Group Ltd has announced the acquisition of Time Out Australia from Time Out England, establishing a long-term Franchise Agreement with ongoing revenue royalties. The $2.4 million integration capital placement aims to support the acquisition and enhance Vinyl's cultural media assets, positioning it as a leader in the Australian market for international cultural assets. The acquisition is anticipated to be earnings accretive by FY27, contributing positively to Vinyl Group's EBITDA and expanding its internet audience reach to 55% of Australians.
Key Points
  • Vinyl Group Ltd has signed an agreement to acquire Time Out Australia from Time Out England for nominal consideration.
  • A long-term Franchise Agreement has been established between Vinyl and Time Out England, including ongoing revenue royalties and annual minimum guarantees.
  • $2.4 million integration capital placement was completed to support the acquisition and consolidation of premium cultural media assets.
  • The acquisition is expected to be earnings accretive in FY27, contributing positively to Vinyl Group's EBITDA.
  • Time Out Australia will be integrated into Vinyl's existing portfolio, enhancing its cultural digital assets and audience reach.
  • Vinyl aims to maintain a leading position in the Australian market for international cultural digital assets.
  • The acquisition expands Vinyl Media's internet audience reach to approximately 55% of Australians.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.