Aug 3 (Reuters) - Cosol Ltd (COS) :
- ACQUISITION OF ASSETON GROUP AND EQUITY RAISING
- ENTERED INTO BINDING SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF IN TWO ENTITIES, ASSETON GROUP PTY LTD AND ONPLAN TECHNOLOGIES
- TOTAL CONSIDERATION OF UP TO A$29M COMPRISED OF CASH AND SCRIP
- ACQUISITION CASH COMPONENT FUNDED FROM A$15M PLACEMENT AND A$4.6M DRAWDOWN ON DEBT FACILITY
- ACQUISITION IS EXPECTED TO BE LOW DOUBLE-DIGIT EARNINGS PER SHARE ACCRETIVE ON A PRO FORMA BASIS IN FY24
- UNAUDITED FY23 REVENUE WAS A$75.1 MILLION
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