Australia's Prime Financial Group gains on employee share plan business acquisition

Prime Financial

11/06/2024 03:50

** Shares of Prime Financial Group  PFG.AX  rise as much as
2.4% to A$0.210, set to gain most since May 24 if current gains
hold    
    ** The asset management co enters into binding agreement to
buy Equity Plan Management Pty Ltd & associated business
conducted by Remuneration Strategies
    ** Co says, total consideration of upto A$5.7 million 
($3.76 million)
    ** Stock hits its highest level since June 3
    ** Stock is down about 9% this year, as of last close

($1 = 1.5170 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))