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Cuscal Limited (ASX:CCL)

ALERT: Price-sensitive ASX Announcement for CCL
Current share price for CCL : $4.860 0.65 (15.44%)+
Announcement
Release
14 Apr 2026 11:44AM
Price at Release
$4.210
Full Release
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Summary
Cuscal Limited plans to acquire Paymark Limited with the transaction funded by a fully underwritten institutional placement raising A$30 million and a non-underwritten share purchase plan aiming to raise A$3 million. The acquisition involves an equity raise expected to maintain Cuscal's regulatory capital levels. Paymark, largely operating independently under Worldline ownership, will undergo a switch investment program costing around A$21 million, fully funded by its financial performance. The acquisition is outlined to be EPS accretive by FY27E, with significant financial and operational benefits anticipated post-completion of the switch program. The acquisition completion is expected by June 30, 2026, subject to regulatory and transactional conditions.
Key Points
  • Cuscal to acquire Paymark for A$27 million cash consideration.
  • Equity raise includes A$30 million placement and A$3 million share purchase plan.
  • Transaction to complete by June 30, 2026.
  • Paymark's switch investment program costs around A$21 million.
  • Acquisition expected to be EPS accretive by FY27E.
  • Cuscal's CET1 ratio to remain within target of 18% - 19%.
  • Paymark to continue as a standalone entity with minimal integration complexity.
  • The acquisition funded by equity raise and expected to maintain regulatory capital levels.
  • Paymark's financial performance supports the switch investment program without additional capital from Cuscal.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.