PFP 0.52% $5.76 propel funeral partners limited

Dec 12 (Reuters) - Propel Funeral Partners Ltd (PFP) : TO BUY...

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    Dec 12 (Reuters) - Propel Funeral Partners Ltd (PFP) :

    • TO BUY DILS FUNERAL SERVICES, SCHNAPPER ROCK CREMATIONS, ROWLEY FUNERAL SERVICES, MARTIN WILLIAMS FUNERAL DIRECTORS
    • TOTAL PURCHASE PRICE PAYABLE ON COMPLETION INCLUDES ABOUT NZ$17.1 MILLION IN CASH
    • TOTAL PURCHASE PRICE INCLUDES 1.2 MILLION ORDINARY SHARES IN CAPITAL OF PROPEL TO BE ISSUED AT A$2.64 EACH
    • ACQUISITIONS ARE EXPECTED TO INCREASE PROPEL'S ANNUAL REVENUE BY ABOUT 7%
    • ALSO UP TO NZ$1.25 MILLION IN CASH WILL BE PAYABLE IF CERTAIN FINANCIAL MILESTONES ARE ACHIEVED DURING 3YRS FOLLOWING COMPLETION
    • PROPOSED ACQUISITIONS ARE EXPECTED TO BE EARNINGS ACCRETIVE IN YEAR ONE
    • PROPEL WILL ALSO LEASE AN OFFICE SITUATED AT MANGERE LAWN CEMETERY IN AUCKLAND, FROM A THIRD PARTY LANDLORD

    Source text (http//reut.rs/2Bbgkq9)

    (([email protected];))

 
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Last
$5.76
Change
0.030(0.52%)
Mkt cap ! $780.8M
Open High Low Value Volume
$5.73 $5.86 $5.69 $890.2K 154.7K

Buyers (Bids)

No. Vol. Price($)
3 2706 $5.71
 

Sellers (Offers)

Price($) Vol. No.
$5.76 490 1
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