News: AUB AUB To Buy Tysers For A$880 Mln

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    May 9 (Reuters) - AUB Group Ltd (AUB) :

    • CO ENTERED INTO A BINDING AGREEMENT TO PURCHASE TYSERS
    • PROPOSED DEAL FOR AUD880 MILLION
    • SEES 30% UNDERLYING PRO FORMA EPS ACCRETION ON A PRO FORMA CY22 BASIS FROM DEAL
    • DEAL WILL BE FUNDED FROM PROCEEDS OF AN AUD350 MILLION EQUITY RAISING, A PLACEMENT OF AUD176 MILLION OF AUB SHARES
    • DEAL WILL ALSO BE FUNDED FROM NEW AUD675 MILLION MULTI-CURRENCY DEBT FACILITY
    • SEPERATELY, CO & PSC INSURANCE ENTER NON-BINDING TERM SHEET UNDER WHICH PSC WILL ACQUIRE A 50% STAKE IN TYSERS' UK RETAIL DIVISION
    • AFFIRMS FY22 GUIDANCE
    • CONTINUES TO TARGET A DIVIDEND PAYOUT RATIO OF 50-70%
    • EXPECTS TO PAY A 2H22 DIVIDEND ON EXISTING AND NEW SHARES
 
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(20min delay)
Last
$33.36
Change
-0.620(1.82%)
Mkt cap ! $3.889B
Open High Low Value Volume
$34.46 $34.46 $33.36 $10.48M 312.1K

Buyers (Bids)

No. Vol. Price($)
1 5732 $33.36
 

Sellers (Offers)

Price($) Vol. No.
$33.49 1095 1
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AUB (ASX) Chart
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