RPL 2.47% $3.74 regal partners limited

News: RPL Regal Partners Announces Acquisition Of PM Capital Ltd

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    Nov 3 (Reuters) - Regal Partners Ltd (RPL) :

    • ANNOUNCES ACQUISITION OF PM CAPITAL LIMITED
    • ACQUISITION OF PM CAPITAL,GRP FUM TO INCREASE TO A$10.8BN
    • HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF PM CAPITAL LIMITED
    • UPFRONT CONSIDERATION FOR ACQUISITION IS $A20 MILLION IN CASH
    • ON DEAL COMPLETION, REGAL PARTNERS' TOTAL GROUP FUM WILL INCREASE TO A$10.8 BILLION
    • EXPECTS ACQUISITION TO BE ACCRETIVE TO ITS EPS IN 2024, PRE ANY SYNERGIES
    • CASH COMPONENT OF CONSIDERATION FOR ACQUISITION IS INTENDED TO BE FUNDED BY A COMBINATION OF EXISTING CASH SOURCES
    • PROPOSES TO PAY UP TO A$150 MILLION FOR ACQUISITION OF 100% OF ISSUED SHARE CAPITAL OF PM CAPITAL
 
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