Brief: Clearview Wealth Announces Sale Of Financial Advice Business

Clearview Wealth

25/08/2021 02:19

Aug 25 (Reuters) - Clearview Wealth Ltd  CVW.AX :
    * CLEARVIEW ANNOUNCES SALE OF FINANCIAL ADVICE BUSINESS
    * ENTERED INTO AGREEMENT FOR SALE OF ITS FINANCIAL ADVICE
BUSINESSES TO CENTREPOINT ALLIANCE LIMITED
    * DEAL FOR A$15.2 MILLION TO BE SATISFIED BY ISSUE OF 48
MILLION
FULLY PAID CAF ORDINARY SHARES
    * CLEARVIEW FINANCIAL ADVICE BUSINESSES EXPECTED TO DECLARE
CIRCA
A$7 MILLION PRE COMPLETION DIVIDEND TO CLEARVIEW
    * DEAL CONSIDERATION ALSO INVOLVES A CASH CONSIDERATION OF
A$3.2
MILLION, INCLUDED IN THE A$15.2 MILLION DEAL VALUE

Source text for Eikon:  ID:nASX7Qtdj0 
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