Oct 1 (Reuters) - Kathmandu Holdings Ltd KMD.NZ :
* ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 100% OF RIP CURL GROUP PTY LIMITED FOR A$350 MILLION
* TRANSACTION IS EXPECTED TO DELIVER MEANINGFUL EPS ACCRETION FOR SHAREHOLDERS, WITH ESTIMATED FY20 PRO FORMA EPS ACCRETION IN EXCESS OF 10%
* TRANSACTION TO BE FINANCED VIA A FULLY UNDERWRITTEN 1 FOR 4 PRO-RATA ACCELERATED ENTITLEMENT OFFER TO RAISE NZ$145 MILLION
* TRANSACTION TO BE FINANCED VIA A PLACEMENT OF ABOUT NZ$32 MILLION OF NEW KATHMANDU SHARES TO FOUNDERS AND CEO OF RIP CURL
* RIP CURL CEO, MICHAEL DALY, WILL CONTINUE TO LEAD RIP CURL & WILL REPORT TO XAVIER SIMONET, KATHMANDU'S CEO
* ACQUISITION WILL ALSO BE FUNDED BY DEBT COMPRISING A$220 MILLION FROM NEW SENIOR SECURED DEBT FACILITIES