July 20 (Reuters) - Homeloans Ltd HOM.AX :
* Homeloans enters into sia with resimac HOM.AX
* Homeloans has entered into a scheme implementation agreement with Resimac Limited
* Homeloans will merge with resimac through the issue of new Homeloans shares to resimac shareholders
* Transaction is expected to be transformational for Homeloans with a number of revenue and operational synergies identified
* Says Warren mcleland to be appointed as managing director of the merged group
* Board of Homeloans unanimously recommends that Homeloans shareholders vote in favour of all resolutions
* Board of Homeloans expects to declare a final dividend of two cents per share
* Under the transaction, resimac shareholders will receive all scrip consideration, through issue of 285.3 million new ordinary Homeloans shares
* Expected that upon completion of the transaction, existing Resimac shareholders will hold 72.5% of merged group
* Source text for Eikon ID:nASX3xmgR9
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