July 25 (Reuters) - Smartgroup Corporation Ltd SIQ.AX :
* Trading update and acquisition of selectus
* Has entered into an agreement to acquire 100% of selectus for initial consideration of $119 million
* Says deal for initial consideration of $119 million plus subsequent consideration of up to $50 million
* Sees H1 cy2016 npata of approximately $18.0 million
* Expects "H1 cy2016 revenue of approximately $60.5 million"
* Smartgroup expects to report H1 cy2016 EBITDA of approximately $25.5 million
* Smartgroup corp - transaction is estimated to result in pro forma full year cy2016 EPS accretion on npata basis of about 6-7% before synergies
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