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Count Limited (ASX:CUP)

ALERT: Price-sensitive ASX Announcement for CUP
Current share price for CUP : $1.058 0.003 (0.24%)+
Announcement
Release
13 Jul 2026 9:09AM
Price at Release
$1.055
Full Release
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Summary
Count Limited announced an acquisition update and the securing of an enhanced credit facility. The Australian Competition and Consumer Commission confirmed that the acquisition of the Oracle Group does not require notification, allowing for completion in the upcoming weeks, pending conditions. This acquisition is pivotal for Count Limited to become Australia's leading wealth accounting platform, expanding its financial adviser network and investment solutions. Additionally, Count Limited has secured a new debt funding facility with the Commonwealth Bank of Australia, which includes a $77 million acquisition facility for funding growth plans, a $33 million credit-approved accordion facility, and a $6.6 million working capital facility. This new facility will replace the existing debt facilities with Westpac Banking Corporation. The enhanced facility is intended to support the completion of the acquisition and the execution of growth strategies.
Key Points
  • Acquisition of Oracle Group approved without notification.
  • Completion of acquisition expected in the coming weeks.
  • Acquisition aims to position Count Limited as a leading wealth accounting platform.
  • Enhanced debt funding facility secured with Commonwealth Bank of Australia.
  • New facility includes $77 million acquisition funding, $33 million accordion facility, and $6.6 million working capital.
  • Existing debt facilities with Westpac to be replaced.
  • Facility will support acquisition completion and growth strategy execution.
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.