Dec 14 (Reuters) - AUB Group Ltd AUB.AX :
* Says acquisition is effective from 31st December 2015
* Says AUB Group nz will make a completion payment of nz $35 million
* Agreed to acquire a 100% interest in New Zealand's insurance broker of the year, runacres & associates (runacres) from iag New Zealand
* Says completion payment will be funded from pro-rata equity contributions from AUB Group nz's shareholders and a loan facility
* Post completion of acquisition AUB group's gearing ratio (debt to debt plus equity) will increase from 17.5% at 30 th June 2015 to approximately 24%
* After acquisition and finance costs, it is not envisaged that the contribution to adjusted npat in FY 2016 will be material
* Source text for Eikon ID:nASX9tyrwr