Nov 11 (Reuters) - EML Payments Ltd EML.AX :
* ACQUISITION OF PREPAID FINANCIAL SERVICES AND EQUITY RAISING
* EML PAYMENTS LTD ANNOUNCES ACQUISITION OF PREPAID FINANCIAL SERVICES (IRELAND) LIMITED
* UPFRONT ACQUISITION ENTERPRISE VALUE OF £226 MILLION
* ENTERED BINDING AGREEMENT TO ACQUIRE PFS FOR UPFRONT ENTERPRISE VALUE OF £226 MILLION PLUS EARN-OUT COMPONENT OF UP TO £55 MILLION
* FULLY UNDERWRITTEN EQUITY RAISING COMPRISED OF ENTITLEMENT OFFER TO RAISE ABOUT A$183 MILLION & PLACEMENT TO RAISE ABOUT A$67 MILLION
* ABOUT 70 MILLION NEW EML SHARES WILL BE ISSUED UNDER EQUITY RAISING
* ACQUISITION ESTIMATED TO BE MID-TEEN EPSA ACCRETIVE IN FY20 ON A PRO FORMA BASIS, BEFORE SYNERGIES
* ESTIMATED NET RUN-RATE SYNERGIES OF ABOUT A$6 MILLION PER ANNUM DUE TO ACQUISITION Source: https://reut.rs/33BJHim Further company coverage: EML.AX