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AVD - AVADA Group

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AVADA Group will be a leading, independent, Australian traffic management operator made up of several individual businesses. The AVADA Group Businesses, when combined, will have an established and extensive network with the competitive advantage of being able to service its clients throughout Queensland and New South Wales.

AVADA offers integrated traffic management services including planning and permit, traffic control, equipment hire, event management and incident response.

Traffic management is a legislative requirement and essential to all civil infrastructure and maintenance service providers, resulting in consistent workflow from both new project investment and recurring maintenance requirements. Revenue is diversified across geography and client type.

The Group's client list includes state and local governments, federally funded contractors and major contractors in the infrastructure, construction, utilities, telecommunications and other industrial sectors.

It is anticipated that AVD will list on the ASX during December 2021.

 
Listing date16 December 2021 10:30 AM AEDT ##
Contact detailshttps://avadagroup.com.au/
Ph: +61 7 3808 2651
Principal ActivitiesTraffic management
GICS industry groupTBA
Issue PriceAUD 1.00
Issue TypeOrdinary Fully Paid Shares
Security codeAVD
Capital to be Raised$32,542,609
Expected offer close date02 December 2021
UnderwriterPartially underwritten. Shaw and Partners Limited (Underwriter/Lead Manager).
 
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