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AUSTRALIAN UNITY LIMITED — Capital/Financing Update 2023
Oct 30, 2023
64486_rns_2023-10-30_9d6cdc3c-de55-4cb4-94ef-8cdcd3c3a978.pdf
Capital/Financing Update
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ASX Release – 31 October 2023
Insignia Financial Ltd completes sale of IOOF Ltd
Further to the announcement on 24 July 2023, Insignia Financial Ltd (ASX: IFL) is pleased to announce that it has today completed the sale of its friendly society investment bond business to Australian Unity Limited (ASX: AYU; ‘AUL’) through the divestment of IOOF Ltd.
The proceeds of $36 million from the sale will be used to reduce debt. An additional contingent amount of up to $4 million is payable in 12 months, subject to the transition of clients and funds under management to AUL.
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This announcement was approved for release by Adrianna Bisogni, Group Company Secretary, Insignia Financial Ltd.
About Insignia Financial Ltd
Insignia Financial has been helping Australians secure their financial future since 1846. During that time, we have grown substantially to become one of the largest groups in the financial services industry.
Insignia Financial provides advisers and their clients with the following services:
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Platforms for advisers, their clients and hundreds of employers in Australia;
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Financial Advice via our extensive network of financial advisers; and
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Asset Management products that are designed to suit any investor’s needs.
Further information about Insignia Financial can be found at www.insigniafinancial.com.au
Investor Enquiries:
Media Enquiries:
Andrew Ehlich Sue I Ong GM Capital Markets Senior Manager Corporate Affairs Insignia Financial Insignia Financial M: +61 407 223 044 M: +61 466 526 023 E: [email protected] E: [email protected]
Level 1, 800 Bourke Street Melbourne VIC 3000
GPO Box 264 Melbourne VIC 3001 Phone 13 13 69
Insignia Financial Ltd ABN 49 100 103 722