News: MAF Ma Financial To Acquire 100% Of Finsure For A$145 Mln

Dec 15 (Reuters) - MA Financial Group Ltd (MAF) :

• TO ACQUIRE 100% OF FINSURE FOR A$145.0 MILLION
• FY21 UNDERLYING EPS GROWTH EXPECTED TO EXCEED UPPER END OF PRIOR 30% TO 40% GUIDANCE RANGE
• FY22 UNDERLYING EPS EXPECTED TO BE UP 15% TO 25% ON FY21 RESULT INCLUSIVE OF FINSURE ACQUISITION
• ACQUISITION FUNDING TO BE SUPPORTED BY AN UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE ABOUT A$100 MILLION
• WILL ALSO UNDERTAKE A NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A$10 MILLION
• PLACEMENT SHARES WILL BE ISSUED AT A$7.75