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MYSTATE LIMITED — Capital/Financing Update 2015
Mar 30, 2015
65395_rns_2015-03-30_690f99ed-2a3b-4537-b173-04cec6049d71.pdf
Capital/Financing Update
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ASX Media Release
31 March 2015
MyState sells shares in Cuscal
Hobart, Tuesday 31 March 2015: MyState Limited (ASX: MYS) advises today that it has recently reviewed its investment in payments and switching outsource provider Cuscal and has determined that it does not represent a long term strategic asset for the business. Flowing from that decision, MYS has sold those shares and recognised a one-off profit after tax of $3.9m. The transaction will result in an increase in the capital base of the business providing further support for its growing loan portfolio.
MYS will continue to retain Cuscal as its payments and switching outsource provider manager.”
-ENDS-
For further information, please contact:
David Harradine, Chief Financial Officer 0414 258 540 or [email protected]
Melos Sulicich, Managing Director and Chief Executive Officer 0401 991 516 or [email protected]
About MyState Limited
MyState Limited is an ASX-listed diversified financial services group consisting of MyState Bank (MyState); Tasmanian Perpetual Trustees (TPT), a trustee and wealth management company; and The Rock Building Society (The Rock). MyState Limited, MyState and The Rock are regulated by the Australian Prudential Regulatory Authority. MyState, The Rock and TPT hold Australian Financial Services Licences issued by the Australian Securities and Investments Commission.