Prime Financial Group Limited (AU:PFG) has released an update.
Prime Financial Group Limited has announced the strategic acquisition of Equity Plan Management Pty Ltd, a leading remuneration and employee share plan business, aiming to enhance its Business Advisory & Consulting services and expecting to add over $2.2 million in revenue. The $5.7 million deal, complemented by a $3.3 million entitlement offer, aligns with Prime’s growth strategy and offers significant cross-selling potential within its diversified service range. This move marks Prime’s entry into the remuneration and employee share plan management sector, promising strong recurring revenues and client retention.
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