Brief: Peter Warren Automotive Announces Acquisition Of 100% Of Penfold Motor Group

Peter Warren Automotive Holdings

08/11/2021 24:38

Nov 8 (Reuters) - Peter Warren Automotive Holdings Ltd
 PWR.AX :
    * ACQUISITION OF 100% OF PENFOLD MOTOR GROUP FOR
CONSIDERATION OF
A$104 MILLION
    * ACQUISITION EXPECTED TO BE DOUBLE-DIGIT EPS ACCRETIVE ON A
PRO
FORMA FY22 BASIS
    * SCRIP COMPONENT PRICED AT A$3.02 PER SHARE RESULTING IN
5.2
MILLION NEW SHARES TO BE ISSUED AT COMPLETION
    * CURRENT OWNERS & OPERATORS OF PENFOLD WILL CONTINUE TO
OPERATE
BUSINESS UNDER CO'S OWNERSHIP
    * ACQUISITION CONSIDERATION TO VENDORS WILL BE IN FORM OF
A$88M IN
CASH AND SCRIP OF A$16M

Source text for Eikon:  ID:nASX4vb3wb 
Further company coverage:  PWR.AX 

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