Founders to Exercise 5.6m Options
Sydney, Australia
David Kirk and Paul Wilson, the founders of ASX listed information technology investment company Bailador Technology Investments (BTI), today announced that they will together invest another $5.6m in the company through the exercise of the 5.6m options they own. The move takes their total investment to $11.3m, demonstrating significant confidence in the continued success of BTI which listed on the ASX in November 2014.
A BTI Shareholder Update presentation has been released today to the ASX, which includes investment highlights:
- The BTI portfolio pre-tax Net Tangible Assets (NTA) has increased 24.5%pa since listing on the ASX in November 2014
- BTI investment performance has significantly outperformed leading equity indices
- BTI is an absolute return investment, whose performance has low correlation with overall public equity markets
- Overall revenue growth rate across the seven portfolio companies of BTI is 42%
- The NTA is a 25% premium to the exercise price of BTI Options (ASX:BTIO) expiring at 31 March 2016
- The NTA is calculated using a conservative valuation approach with all investments valued at cost plus accrued interest or latest third party investment valuation
To read the ASX release regarding David Kirk and Paul Wilson's $5.6m investment, Click Here.
To view the Shareholder Update with valuable information on portfolio performance and the year ahead, Click Here.
To join David & Paul and exercise your BTI Options, Click Here.