Brief: HMC Capital to Acquire Global Switch Australia For A$1.937 Bln

HMC Capital

23/10/2024 23:17

Oct 24 (Reuters) - HMC Capital Ltd  HMC.AX :
    * ASX ALERT-HMC TO ESTABLISH GLOBAL DIGICO PLATFORM AND
EQUITY
RAISING
    * ACQUIRING GLOBAL SWITCH AUSTRALIA FOR A$1.937BN
    * UNDERTAKING A A$300M FULLY UNDERWRITTEN INSTITUTIONAL
PLACEMENT
    * PLACEMENT AT ISSUE PRICE OF A$8.75 PER SHARE
    * BASED ON HMC PERFORMANCE YTD, ANNUALISED FY25 OPERATING
EPS IS
46 AU CENTS
    * FY25 DPS GUIDANCE OF 12 AU CENTS REAFFIRMED


Further company coverage:  HMC.AX 

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