July 4 (Reuters) - Change Financial Ltd CCA.AX :
* APPOINTED A NEW CEO, ERIC BACHMAN
* SHILKIN WILL STEP ASIDE AS MANAGING DIRECTOR
* HAS BOUGHT OPTION TO BUY REMAINING EQUITY INTERESTS THAT IT DOES NOT OWN IN IVY ENTITIES FOR US$10 MILLION IN SCRIP AND CASH
* OBTAINED COMMITMENTS UNDER PLACEMENT TO RAISE ABOUT US$2.62 MILLION, BY ISSUE OF ABOUT 6 MILLION NEW ORDINARY SHARES
* ASH SHILKIN WILL TRANSITION TO EXECUTIVE DIRECTOR FROM MANAGING DIRECTOR