Australian Premier Finance Holdings Limited cancelled the acquisition of SME Cash Limited from Cunnington & Co Holdings Pty Ltd, Donald Cunnington and Jennet Cunnington.
The transaction is subject to various conditions including satisfactory due diligence, regulatory approval, third party consents, the conditional approval by National Stock Exchange of Australia to reinstate the securities of Australian Premier to trading on terms reasonably acceptable to Australian Premier, Cunnington and SME and shareholder approvals of Australian Premier, SME Cash and Cunnington. The deal was unanimously recommended by the Board of Directors of Australian Premier. An extraordinary general meeting of Australian Premier Shareholders is expected to be held in August, 2015 to approve the transaction. The transaction is expected to be completed in October 2015.
Australian Premier Finance Holdings Limited cancelled the acquisition of SME Cash Limited from Cunnington & Co Holdings Pty Ltd, Donald Cunnington and Jennet Cunnington on October 6, 2015.