COG cog financial services limited

News: COG Consolidated Operations Group & CML Group Enter Scheme Implementation Agreement For...

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    Nov 13 (Reuters) - Consolidated Operations Group (COG) :

    • CO AND CML GROUP ENTERED SCHEME IMPLEMENTATION AGREEMENT FOR A PROPOSED MERGER
    • PROPOSED MERGER TO ESTABLISH FINANCIAL SERVICES GROUP FOCUSING ON SERVICING SME BUSINESSES IN AUSTRALIA
    • ANNOUNCES LAUNCH OF EQUITY RAISING OF A$20.2M
    • CML GROUP TO CONDUCT EQUITY RAISING OF A$14.5M
    • CML WILL PAY A DIVIDEND OF A$0.03 PER CML SHARE IMMEDIATELY PRIOR TO SCHEME IMPLEMENTATION DATE
    • COG WILL ACQUIRE ALL OF ISSUED SHARE CAPITAL OF CML
    • DEAL FOR A SCRIP CONSIDERATION OF 5.4 COG SHARES FOR EVERY 1 CML SHARE HELD
    • DEAL VALUES EQUITY OF CML AT APPROXIMATELY A$111.4 MILLION
    • CML WILL PAY A DIVIDEND OF A$0.03 PER CML SHARE IMMEDIATELY PRIOR TO SCHEME IMPLEMENTATION DATE
    • CML BOARD HAS UNANIMOUSLY RECOMMENDED THAT, IN ABSENCE OF A SUPERIOR PROPOSAL CML SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • PROPOSED MERGER EXPECTED TO BE IMMEDIATELY EPS ACCRETIVE
 
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(20min delay)
Last
$1.75
Change
0.140(8.70%)
Mkt cap ! $353.2M
Open High Low Value Volume
$1.62 $1.75 $1.62 $182.2K 107.4K

Buyers (Bids)

No. Vol. Price($)
1 2061 $1.62
 

Sellers (Offers)

Price($) Vol. No.
$1.75 16499 2
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Last trade - 16.10pm 02/09/2025 (20 minute delay) ?
COG (ASX) Chart
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