Refile: BUZZ-Australia's Prime Financial Group soars to week high on Lincoln Indicators Acquisition

Prime Financial

22/04/2025 06:02

Corrects typo in bullet 1 and add USD conversion in bullet 2

** Shares of Prime Financial Group PFG.AX rise as much as 2.3% to A$0.220, their highest level since April 16

** Co to acquire financial services co Lincoln Indicators; deal for A$15.75 million ($10.13 million) for on target EBITDA performance, or A$17.9 million if earnings targets are outperformed

** Co anticipates future revenue of A$10 million - A$11 million annually to be contributed

**  YTD, shares down 2.2%

($1 = 1.5552 Australian dollars)

 (Reporting by Nichiket Sunil In Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))