Completion of Advisory Division Divestment
Stock | Rpmglobal Holdings Ltd (RUL.ASX) |
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Release Time | 2 Apr 2025, 12:59 p.m. |
Price Sensitive | Yes |
RPMGlobal Completes Advisory Division Divestment
- Completed divestment of 100% of RPM Advisory Services Pty Ltd and global subsidiary companies
- Received divestment consideration from SLR Consulting Pty Ltd
- Intends to distribute divestment proceeds to shareholders via a Capital Return
RPMGlobal Holdings Limited (ASX: RUL) has completed the divestment of 100% of the issued share capital of the RPM Advisory Services Pty Ltd, together with the wholly owned global subsidiary companies relevant to the global Advisory division of RPM, to SLR Consulting Pty Ltd (SLR). All necessary completion conditions of the share sale agreement have been satisfied, and RPM has received the divestment consideration. Ownership and control of the RPM Advisory division has been transferred to SLR. With the Advisory divestment now completed, the company will seek an ATO ruling to distribute the proceeds from this divestment as a Capital Return to shareholders. On the basis that the company receives a positive ruling from the ATO, the company then intends to hold a General Meeting of shareholders to seek approval to distribute funds via a Capital Return. Between now and the notice of the meeting, the company may use divestment proceeds to support the company's current on-market share buyback.