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BRIEF-Euroz Ltd updates on acquisition of Entrust Private Wealth Management

Published 03/07/2015, 03:51 pm
BRIEF-Euroz Ltd updates on acquisition of Entrust Private Wealth Management
EZL
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July 3 (Reuters) - Euroz Ltd EZL.AX :

* Acquisition of Entrust Private Wealth Management

* Says entered into a binding term sheet for the acquisition of Entrust Private Wealth Management Pty Ltd

* Euroz plans to issue up to 5.45m shares and $2.35M cash as consideration to acquire 100% of entrust

* Says entrust will become a wholly owned new subsidiary of Euroz Limited

* Says EPS accretive transaction will aim to complete by 13 July 2015

* Says key entrust staff will be subject to appropriate staff retention measures

* Following transaction completion the entrust business will retain its operating brand and the team of investment professionals and support staff

* Source text for Eikon ID:nASX9GDDsp

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