Dec 12 (Reuters) - Propel Funeral Partners Ltd PFP.AX :
* TO BUY DILS FUNERAL SERVICES, SCHNAPPER ROCK CREMATIONS, ROWLEY FUNERAL SERVICES, MARTIN WILLIAMS FUNERAL DIRECTORS
* TOTAL PURCHASE PRICE PAYABLE ON COMPLETION INCLUDES ABOUT NZ$17.1 MILLION IN CASH
* TOTAL PURCHASE PRICE INCLUDES 1.2 MILLION ORDINARY SHARES IN CAPITAL OF PROPEL TO BE ISSUED AT A$2.64 EACH
* ACQUISITIONS ARE EXPECTED TO INCREASE PROPEL'S ANNUAL REVENUE BY ABOUT 7%
* ALSO UP TO NZ$1.25 MILLION IN CASH WILL BE PAYABLE IF CERTAIN FINANCIAL MILESTONES ARE ACHIEVED DURING 3YRS FOLLOWING COMPLETION
* PROPOSED ACQUISITIONS ARE EXPECTED TO BE EARNINGS ACCRETIVE IN YEAR ONE
* PROPEL WILL ALSO LEASE AN OFFICE SITUATED AT MANGERE LAWN CEMETERY IN AUCKLAND, FROM A THIRD PARTY LANDLORD