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Count Limited (ASX:CUP)

ALERT: Price-sensitive ASX Announcement for CUP
Current share price for CUP : $1.055 -0.08 (-7.05%)+
Announcement
Release
31 Mar 2026 11:06AM
Price at Release
$1.135
Full Release
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Summary
Count Limited (ASX:CUP) announced it has entered into an agreement to acquire Oracle Group, a provider of financial advice and investment services. The acquisition aims to enhance Count's position in the wealth and accounting sectors along Australia's east coast, increasing its financial adviser network and expanding its offerings. The acquisition, valued at approximately $72.2 million, will be financed through a mix of a $35.9 million institutional placement, a share purchase plan, scrip consideration, and a new debt facility. The integration is expected to deliver pre-tax cost synergies of $1 million annually within two years, and the acquisition is foreseen to be earnings accretive by FY26. Count also plans to leverage Oracle's established client base and expertise to enhance its services and expand its market presence.
Key Points
  • Count Limited to acquire Oracle Group for $72.2 million
  • Acquisition to be funded by institutional placement, share purchase plan, scrip consideration, and debt facility
  • Integration expected to create $1 million in pre-tax cost synergies annually
  • Acquisition aligns with Count's strategy to expand in the wealth and accounting sectors
  • Count's financial adviser network to increase from 76 to 98
  • Acquisition to significantly enhance Count's east coast presence
  • Transaction anticipated to be earnings accretive by FY26
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.