May 17 (Reuters) - Rungepincockminarco Ltd RUL.AX :
* Acquisition by rpm of isolutions RUL.AX
* Transaction is funded by an upfront payment on completion of $8 million from cash reserves
* Says entered into an agreement to acquire 100% of the issued share capital of Isolutions
* Rpm will also issue 9.2 million shares in rpm to the outgoing shareholders of Isolutions
* Says acquisition of isolutions is expected to be accretive earning per share in 2017
* Expects acquisition to provide EBITDA in the 2017 financial year of $4.8 million after realising synergies of about $1.8 million
* Source text for Eikon ID:nASX8YHTL4
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