RPMGlobal Holdings Limited (ASX:RUL) Completes Advisory Division Divestment
Divestment Completion
RPMGlobal Holdings Limited has successfully divested 100% of RPM Advisory Services Pty Ltd and its global subsidiaries to SLR Consulting Pty Ltd. All conditions of the share sale agreement have been met, and ownership has been transferred to SLR.
Future Plans
The company will seek an ATO ruling to distribute the divestment proceeds as a Capital Return to shareholders. Pending a positive ruling, RPMGlobal plans to hold a General Meeting to approve the distribution. In the meantime, divestment proceeds may support the company’s existing share buyback program.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended RPMGlobal. The Motley Fool Australia has recommended RPMGlobal. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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