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Ama Group Provides Investor Presentation

01 Oct 2019  |  09:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation

Ama Group provided investor presentation. It has entered into a binding agreement with Suncorp Insurance Ventures to acquire 90% of the shares on issue in Capital Smart Repairs Australia at an implied enterprise value (100% basis) of $420m (Acquisition) and a binding agreement to acquire 100% of its Parts for $20m concurrent with the Acquisition (together, the Transaction). The fully underwritten placement and 1 for 4.5 pro-rata, accelerated, non-renounceable Entitlement Offer to raise gross proceeds of $215.6m. The Retail Entitlement Offer will open on 8 October 2019 and close on 21 October 2019.

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