Brief: Ensurance Says It Signs Binding Agreement To Sell UK Operations

PSC Insurance

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 
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