AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

COUNT LIMITED Capital/Financing Update 2010

Dec 21, 2010

64725_rns_2010-12-21_53674a78-dbb1-40c0-8212-2922ee725b48.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT: CUP Wednesday, 22 December 2010

==> picture [156 x 50] intentionally omitted <==

Countplus Listing today & Tuck-in Acquisition

Countplus Limited lists on the Australian Stock Exchange today following the raising of $20 million under its Public Offer.

Countplus CEO, Michael Spurr says “It is an exciting day for the 18 businesses that form the Countplus Group. Also for its major shareholder, Count Financial Limited, 10 years nearly to the day to the Count listing in December 2000. With the listing complete, we expect Countplus to be an attractive proposition for quality small to medium sized accounting practices Australia-wide to become part of a diversified professional services group.”

In line with its acquisitive growth strategy, Countplus is also pleased to announce that its South Australian subsidiary, Crosby Dalwood has completed a tuck-in acquisition of Bishop and Bishop Financial Services, an accounting and financial planning business.

Both businesses have had a close association over many years and have been two of Count Financial’s most successful South Australian franchisees over a 20 year period.

Total consideration for the purchase is $1.65 million will be satisfied in a combination of 880,000 Countplus shares and a deferred cash payment. The acquisition is expected to be earnings per share positive from year 1 onwards.

For further information please contact:

Barry Lambert	Michael Spurr
Executive Chairman	Chief Executive Officer
Countplus Limited	Countplus Limited
Ph: 02 8272 0212	Ph: 02 8272 0223
Email: [email protected]	Email: [email protected]