7 stories mentioning ASX:CCL
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Cuscal (ASX:CCL) has completed its acquisition of 100% of Paymark's issued share capital and associated equity interests from Retail International Holding, according to a Friday filing with the Australian bourse.The company expects the acquisition to be mid-single-digit earnings accretive and to deliver a mid-teens return on invested capital in fiscal year 2027, the filing added.
Cuscal (ASX:CCL) completed its share purchase plan, which closed on May 6, with around AU$51.4 million in applications received, exceeding its AU$3 million target, according to a Wednesday filing with the Australian bourse.The company received valid applications from 1,757 eligible shareholders, including custodian level applications, with an average application amount of around AU$20,000, the filing said. The issue price of each new plan share is AU$4 apiece, and 750,366 new fully paid ordinary shares will be issued on Wednesday.The proceeds of the share purchase plan, together with the proceeds of the placement raising AU$30 million, will be used to fund the cash consideration and transaction costs for Cuscal's acquisition of Paymark.The company's shares were up over 1% in recent trading on Wednesday.
The Account-to-Account Payments Roundtable released a public consultation on the draft vision for the future of account-to-account payments in Australia on Thursday, defining the desired end-user outcomes and future state for account-to-account payments, according to a same-day statement.The vision seeks to provide certainty to stakeholders on the long-term strategic direction for account-to-account payments in Australia and anchor the industry's development of account-to-account products, services, and underlying infrastructure.It noted the rapid changes, driven by advances in digital technologies such as artificial intelligence, digital assets, and digital identity, and their integration into the payments system.The development of a clear industry roadmap is the next step towards delivering the vision, per the statement. The roadmap will be developed collaboratively in 2026 through the roundtable process.The roundtable includes the Australian Payments Network, Australian Payments Plus, the Reserve Bank of Australia (RBA), and the Commonwealth Treasury. It was established in August 2025 under authorization by the Australian Competition and Consumer Commission.The deadline for the submission of consultations is May 22.
Cuscal (ASX:CCL) expects to complete its acquisition of Paymark on May 29 after Retail International Holding exercised its put option, according to a Friday filing with the Australian bourse.Retail International's move comes after the completion of the mandatory consultation process with the French Works Council consultation process, the filing said.
Cuscal (ASX:CCL) has completed a fully underwritten institutional placement to raise AU$30 million through the issuance of around 7.5 million new shares at a fixed price of AU$4 per share, representing a 3.9% discount to the five-day volume-weighted average price (VWAP), according to a Wednesday filing with the Australian bourse.The settlement of the new shares under the placement is expected on Friday, with trading anticipated to begin on April 20, per the filing.The company will also launch a non-underwritten share purchase plan for eligible Australian and New Zealand shareholders to raise up to AU$3 million, allowing subscriptions of up to AU$30,000 in shares without brokerage at the lower of the placement price or a 1.5% discount to the five-day VWAP, the filing said.The proceeds will be used to support the company's acquisition of Paymark, the filing added.Shares of the company rose 7% in recent Wednesday trade and earlier hit a record high.
Cuscal (ASX:CCL) has struck a deal to acquire New Zealand payment service provider Paymark from Retail International Holding, also known as Worldline, for AU$27 million in cash, according to a Tuesday fling with the Australian bourse.The deal is expected to be mid-single digit accretive to earnings per share in fiscal 2027 and yield a return on invested capital in the mid-teens range in the same year, per the filing.Following the acquisition, which is expected to close by June 30, Cuscal expects to have a common equity Tier 1 ratio of around 18% to 19%, in line with the company's target range and above minimum regulatory requirements."The acquisition delivers immediate scale in New Zealand, a familiar payments environment and represents a logical extension of Cuscal's core infrastructure‑led business model," the company said.Cuscal will fund the consideration through a fully underwritten institutional equity placement of AU$30 million. It will also launch a non-underwritten share purchase plan for up to AU$3 million.The placement will be at a fixed offer price of AU$4 per share, resulting in about 7.5 million new ordinary shares being issued, representing 3.9% of Cuscal's existing issued shares.The company also reaffirmed its fiscal 2026 guidance of after-tax underlying net profit growth in the mid-teens.