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Scheme implementation deed (SID) to acquire Calliden Group
Steadfast enters into a scheme implementation deed (SID) to acquire Calliden Group
• Steadfast to acquire eight agencies expected to deliver cash EPS accretion of 10% in first full year
• Immediate on-sale of the general insurance operations and part of the agency operations to Munich Holdings of Australasia (MHA), a subsidiary of Munich Re
• Scheme values Calliden at $105.4 million based on cash consideration of 41.5 cents per share and an anticipated special dividend of 5.0 cents per share
• Strengthens partnership with Munich Re and Great Lakes Australia
For more details, please refer to the ASX announcement attached. A copy of the SID can be found attached to the announcement in the Investor section of our website atwww.steadfast.com.au
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