Brief: Regal Partners Announces Acquisition Of PM Capital Ltd

Regal Partners

02/11/2023 22:53

Nov 3 (Reuters) - Regal Partners Ltd  RPL.AX :
    * ANNOUNCES ACQUISITION OF PM CAPITAL LIMITED
    * ACQUISITION OF PM CAPITAL,GRP FUM TO INCREASE TO A$10.8BN
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF ISSUED
SHARE
CAPITAL OF PM CAPITAL LIMITED
    * UPFRONT CONSIDERATION FOR ACQUISITION IS $A20 MILLION IN
CASH
    * ON DEAL COMPLETION, REGAL PARTNERS' TOTAL GROUP FUM WILL
INCREASE TO A$10.8 BILLION
    * EXPECTS ACQUISITION TO BE ACCRETIVE TO ITS EPS IN 2024,
PRE ANY
SYNERGIES
    * CASH COMPONENT OF CONSIDERATION FOR ACQUISITION IS
INTENDED TO
BE FUNDED BY A COMBINATION OF EXISTING CASH SOURCES
    * PROPOSES TO PAY UP TO A$150 MILLION FOR ACQUISITION OF
100% OF
ISSUED SHARE CAPITAL OF PM CAPITAL

Source text for Eikon:  ID:nASX5gxBdH 
Further company coverage:  RPL.AX 

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