BIR Financial Limited (ASX:BIR) agreed to acquire Investor Centre Pty Ltd from Jody Elliss for AUD 1 million on March 7, 2023. At Completion, the consideration for acquiring all of the issued capital of Investor Centre from the sole shareholder (Investor Centre Shareholder), will be the issue to the Investor Centre Shareholder of 11,720,000 fully paid ordinary shares in BIR (Consideration Shares), plus $500,000 in cash. The Consideration Shares will rank equally with the BIR shares on issue.

The Acquisition and the issue of the Preference Shares are subject to shareholder approval and the Company obtaining regulatory approvals. The Company is anticipating, subject to ASIC and ASX review, to issue the NOM to shareholders and the prospectus for the issue of the Preference Shares in March 2023. The deal is expected to be completed on November 17, 2023.

Titan Partners Corporate Finance Pty Limited acted as fairness opinion provider to Titan Partners Corporate Finance Pty Limited. As of November 14, 2023, the completion date for the acquisition has been extended to April 30, 2024 and is conditional on Investor Centre holding a retail AFSL or being a Corporate Authorised Representative of a holder of a retail AFSL which is wide enough to cover all services currently offered and any potential future services it may provide.