ASX Release: 23 February 2021
Notice of Completion of HUB24's Proportional Takeover Offer for Easton
HUB24 Limited ("HUB24") refers to its proportional cash takeover offer for 1 out of every 3 shares in
Easton Investments Limited ("Easton")("Offer"), which closed at 7.00pm (Sydney time) on 22 February 2021.
HUB24 is pleased to announce that it now holds a relevant interest in 31.51% of all Easton shares on issue. The outcome represents an acceptance level of 75%, reflecting the strong support of Easton shareholders for the Offer.
HUB24's Managing Director, Andrew Alcock, said: "We are pleased with the endorsement from the
Easton shareholders of the Offer. HUB24 is committed to supporting the financial advice community in the transformation of advice and we look forward to working with the team at Easton and licensees across the industry to develop solutions that support the cost effective delivery and accessibility of advice to more Australians."
Chief Financial Officer
Media & Public Relations
About HUB24 Limited
HUB24 Limited is a company listed on the Australian Securities Exchange. The Group consists of the award-winning HUB24 Platform and HUBconnect business. The HUB24 platform offers a comprehensive range of investment options, including the market-leading managed portfolio solution, and enhanced transaction and reporting functionality. As one of the fastest growing platforms in the market, the platform is recognised for providing choice and innovative product solutions that create value for advisers and their clients.
HUBconnect focuses on leveraging data and technology to provide solutions to common challenges for licensees and advisers, to enable the delivery of professional advice to more Australians.
This announcement was authorised for release to the market by the Managing Director of HUB24 Limited.
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Easton Investments Ltd. published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 23 February 2021 07:45:02 UTC.