Prime Financial Group Limited (ASX:PFG) agreed to acquire Equity Plan Management Pty Ltd for AUD 5.7 million on June 11, 2024. In a combined transaction the consideration consists of AUD 2.8 million as intial consideration and potential deferred payments of up to AUD 2.9 million out of which Initial consideration of AUD 2.8 million Tranche 1 will be payable upon completion and AUD 0.1 million Tranche 2A will be payable on April 30, 2025. Two additional tranches of up to AUD 1.4 million each Tranches 2 and 3 will be payable following the first and second anniversaries of completion subject to EPM achieving specified earnings targets. Tranches 1, 2 and 3 will be paid 50% in cash and 50% in PFG fully paid ordinary shares.

Prime Financial Group Limited (ASX:PFG) completed the acquisition of Equity Plan Management Pty Ltd on July 2, 2024.