Oct 1 (Reuters) - Ama Group Ltd AMA.AX :
* ANNOUNCES ACQUISITION OF SUNCORP'S CAPITAL S.M.A.R.T & ACM PARTS BUSINESSES
* EXPECTS ANNUAL SYNERGIES OF APPROXIMATELY $17 MILLION PER ANNUM WHICH ARE EXPECTED TO BE FULLY IMPLEMENTED BY END OF FY21
* TRANSACTION IS EXPECTED TO DELIVER DOUBLE-DIGIT EPS ACCRETION IN FIRST FULL-YEAR OF OWNERSHIP (FY21) ON A PRO-FORMA BASIS
* ONE-OFF SYNERGY IMPLEMENTATION COSTS ARE ESTIMATED TO BE ABOUT $15 MILLION FROM DEAL
* SUNCORP HAS ENTERED A 25 YEAR PLUS SERVICE AGREEMENT COMPRISING A 15.5 YEAR INITIAL TERM AND TWO 5 YEAR RENEWAL OPTIONS
* ANNOUNCES $216 MILLION EQUITY RAISING
* UNDER SERVICE AGREEMENT, CAPITAL S.M.A.R.T REMAINS SUNCORP'S "RECOMMENDED REPAIRER"
* TRANSACTION WILL BE FUNDED THROUGH A FULLY UNDERWRITTEN $216 MILLION EQUITY RAISING AND NEW DEBT FACILITIES
* EQUITY RAISING WILL COMPRISE A 1 FOR 4.5 PRO-RATA ACCELERATED NON- RENOUNCEABLE ENTITLEMENT OFFER TO RAISE ABOUT $139M
* EQUITY RAISING ALSO COMPRISES A PLACEMENT OF APPROXIMATELY 67M SHARES TO RAISE $77M