March 31 (Reuters) - SG Fleet Group Ltd SGF.AX :
* TO ACQUIRE LEASEPLAN ANZ FOR CASH CONSIDERATION OF $273 MILLION AND 13% EQUITY INTEREST IN COMBINED ENTITY
* EXPECTS TO GENERATE ABOUT $20 MILLION IN PRE-TAX RUN-RATE SYNERGIES PA AFTER MIGRATION OF LEASEPLAN'S OPERATIONS AND SYSTEMS
* UNDERLYING CASH EPS ACCRETION PRIOR TO OPERATIONS & SYSTEMS MIGRATION EXPECTED TO BE ABOUT 5%, TO ACCELERATE TO ABOVE 20% POST-MIGRATION
* PROPORTION OF RECURRING REVENUE, NOW 56% OF TOTAL NET REVENUE FOR CO, WILL INCREASE TO 70% AFTER LEASEPLAN'S SYSTEMS MIGRATION
* CAPITAL EXPENDITURE OF ABOUT $9 MILLION WILL BE REQUIRED FOR SYNERGY REALISATION ARISING FROM SYSTEMS MIGRATION
* UNDERTAKING A 1 FOR 7.44 ACCELERATED PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE GROSS PROCEEDS OF $86 MILLION
* OFFER PRICE FOR ENTITLEMENT OFFER WILL BE $2.45 PER NEW SHARE