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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