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News: ENA Ensurance Says It Signs Binding Agreement To Sell UK Operations

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    04/11/22
    12:25
    Post #: 64589380

    Nov 4 (Reuters) - Ensurance Ltd (ENA) :

    • ENSURANCE SIGNS BINDING AGREEMENT TO SELL UK OPERATIONS,PSI
    • PROPOSED A$8.2 MILLION TRANSACTION
    • BINDING SALE & PURCHASE AGREEMENT WITH PSC INSURANCE GROUP
    • UNDER TERMS OF SPA, PSC WILL PAY A$6.15 MILLION IN CASH AND BALANCE OF A$2.05 MILLION IN PSC SHARES
    • SALE PROCEEDS TO BE USED TO FURTHER EXPAND CO'S AU OPERATIONS ORGANICALLY, AMONG OTHERS
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