SYDNEY, AUSTRALIA: RPM Automotive Group Limited (ASX: RPM), a leading player in the Australian automotive aftermarket sector, has announced that Guy Nicholls, a current Non-Executive Director, will become an Executive Director and take on the role of Chief Operating Officer of the company, effective immediately. Guy Nicholls has over 30 years of experience in the…
All posts tagged RPM Automotive Group
RPM Automotive acquires Direct Wholesale Tyres for $1.7mn
SYDNEY, AUSTRALIA: RPM Automotive Group announced the acquisition of another FNQ based business, Direct Wholesale Tyres (DWT). RPM will pay $1.7 million for DWT, split 60% in cash and 40% in RPM ordinary shares (escrowed for 12 months from the issue date) at an issue price equivalent to the weighted average share price over the…
RPM Automotive Group secures $8mn growth funding
SYDNEY, AUSTRALIA: RPM Automotive Group has executed an agreement with Collins St Value Fund (CSVF) for an equity placement of $2.5 million at 30 cents per share, a slight premium to the current share price. Additionally, CSVF has agreed to provide a $5.5 million CN (subject to shareholder approval for the conversion of the CN…
RPM Automotive Group acquires Elite Tyre Group and Super Tyre Mart for $1.6mn
SYDNEY: RPM Automotive Group Limited announced the acquisitions of Elite Tyre Group, Kealba, VIC (ETG) as well as Super Tyre Mart, Ravenhall, VIC (STM). The acquisition is an asset purchase agreement, with the total purchase price for ETG and STM being $1.6 million, and consideration comprising 70% cash and 30% equity (valued at RPM’s 60-day…
RPM Automotive Group purchases Gully Mobile Tyres
PERTH: RPM Automotive Group Limited has acquired 100% of the shares in Gully Mobile Tyres Pty Ltd (GMT) for $195,000 in shares and cash, a news release said. GMT is a well-established business, having been in existence for nearly 20 years providing specialized tyre services in Victoria. The company operates in a very specific and…