Adcorp to acquire Alliance Workplace Solutions for A$ 4.3 million

• Adcorp's subsidiary BLU Australia will acquire Alliance Workplace Solutions from Fiona Collins for A$ 4.3 million in cash.
• Maximum consideration could reach A$ 4.86 million, including performance-linked earn-outs and a conditional renewal bonus of up to A$ 215,000.
• Payment comprises A$ 2.58 million at completion and A$ 1.72 million in base earn-outs across two periods ending February 2029.
• Completion is scheduled for November 30, 2026, subject to conditions, including Collins joining BLU Australia as an employee.
• The acquisition will consolidate ownership of Australian floriculture staffing operations, eliminating Alliance's existing 60% share of gross profit from that business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Adcorp Holdings Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S606326), on November 09, 2026, and is solely responsible for the information contained therein.