Brief: PSC Insurance Group Says Psc Insurance Group To Acquire Ensurance

PSC Insurance

08/08/2023 02:25

Aug 8 (Reuters) - PSC Insurance Group Ltd  PSI.AX :
    * PSC INSURANCE GROUP TO ACQUIRE ENSURANCE LTD
    * PSC TO ACQUIRE ALL OF SHARES IN CAPITAL OF ENA BY WAY OF
SCHEME
OF ARRANGEMENT
    * PURCHASE PRICE TO BE GREATER OF A$25.2 MILLION AND 5 MLN
FULLY
PAID ORDINARY SHARES IN PSC
    * EXPECT ANNUALISED EBITDA IN EXCESS OF A$1.5 MILLION IN
FIRST
YEAR FOLLOWING COMPLETION OF ACQUISITION
    * ENA BOARD HAS UNANIMOUSLY RECOMMENDED THAT ENA
SHAREHOLDERS
APPROVE SCHEME, IN ABSENCE OF A SUPERIOR PROPOSAL

Source text for Eikon:  ID:nASX7rVlz8 
Further company coverage:  PSI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))