Brief: Ensurance Says It Signs Binding Agreement To Sell UK Operations
04/11/2022 01:20
Nov 4 (Reuters) - Ensurance Ltd ENA.AX :
* 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
Source text for Eikon: ID:nASX4n2jHX
Further company coverage: ENA.AX
((Reuters.Briefs@thomsonreuters.com;))
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