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AMP LIMITED — Capital/Financing Update 2022
Dec 11, 2022
64379_rns_2022-12-11_68ba670b-ee4f-4eaa-aa67-b541836704f0.pdf
Capital/Financing Update
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ASX RELEASE | 12 December 2022
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Finalisation of proceeds and earn-out from Global Equities and Fixed Income sale
AMP Limited has finalised the earn-out payment and remaining purchase price adjustments following the completion of the sale of its Global Equities and Fixed Income (GEFI) business to Macquarie Asset Management (MAM), announced on 28 March 2022.
This follows the successful transition of the business during the year, including IT systems, people and multiple investment schemes in Australia and New Zealand, delivering benefits to clients, employees and shareholders.
As a result of the finalisation of the total purchase price, AMP will receive an additional A$25.5 million, valuing the sale at A$88.5 million. The additional A$25.5 million includes the net of the future performance based earn-out payment and remaining purchase price adjustments related to the completion payment.
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Brett Zarb
Mobile: +61 417 256 563
Richard Nelson
Phone: +61 455 088 099
Mark Roberts
Mobile: +61 466 328 581
Keshvar Seale
Mobile: +61 410 521 417
Authorised for release by the Market Disclosure Committee.
CORPORATE AFFAIRS T 02 9257 6127 E [email protected] W AMP.com.au/media AMP_AU
AMP LIMITED 50 Bridge Street, Sydney NSW 2000 Australia ABN 49 079 354 519