WT Financial Group Limited entered into a share purchase agreement to acquire Sentry Group Pty Limited for AUD 9.3 million on June 14, 2021. Under the terms, WT Financial will pay AUD 3.5 million as a 50% consideration in cash and 50% in the form of 46,666,667 shares at an issue price of AUD 0.075 per share at completion which is subject to voluntary escrow restrictions for a period of 2 years. The cash consideration will be funded through the placement of new shares to investors identified by the WT Financial. WT Financial will pay AUD 3 million by issuing 20 million shares subject to voluntary escrow restrictions for a period of 12 months and the remaining in cash subject to financial performance of Sentry. Michael Harrison will join the WT Financial Group's board as a non-executive Director. He will join the Company’s non-executive chairman Guy Hedley and executive director Chris Kelesis. In addition to his board role, the Company’s founder and managing director Keith Cullen will continue as group Chief Executive Officer, with his focus shifting to corporate development and shareholder relations. David Newman will assume the role of the WT Financial Group's joint-chief operating officer and remains managing Director of Sentry. Shelly Radford and Ricton Jones will assume expanded responsibilities across the WT Financial Group. The transaction is subject to WT Financial's shareholders approval and other conditions, receipt of all necessary third-party approvals for the Acquisition. The transaction is expected to close on July 19, 2021. As of July 16, 2021, the transaction is expected to complete early next week. WT Financial Group Limited (ASX:WTL) completed the acquisition of Sentry Group Pty Limited on July 19, 2021.