PFP 0.52% $5.76 propel funeral partners limited

Feb 4 (Reuters) - Propel Funeral Partners Ltd (PFP) : EXECUTED...

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    Feb 4 (Reuters) - Propel Funeral Partners Ltd (PFP) :

    • EXECUTED CONDITIONAL SALE AGREEMENTS TO ACQUIRE WAIKANAE FUNERAL HOME AND KAITAWA CREMATORIUM HOWARD & GANNON FUNERALS
    • TOTAL PURCHASE PRICE PAYABLE ON COMPLETION OF PROPOSED TRANSACTIONS WILL COMPRISE- NZ$6.40 MILLION IN CASH
    • PROPOSED ACQUISITIONS ARE EXPECTED TO BE EARNINGS ACCRETIVE IN YEAR ONE
    • INTENDS TO FUND AMOUNTS PAYABLE ON COMPLETION OF PROPOSED TRANSACTIONS FROM ITS CASH RESERVES
    • PROPEL FUNERAL PARTNERS - "ACQUISITIONS EXPECTED TO INCREASE CO'S ANNUAL REVENUE BY ABOUT 2.5%"

    Source text: http://bit.ly/2D4mrOa

    (([email protected];))

 
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