OFX Group Ltd Acquire To FIRMA Foreign Exchange Corporation Transcript

Dec 19, 2021 / 10:30PM GMT
Operator

Thank you for standing by, and welcome to the OFX Group Limited Investor Call. (Operator Instructions) I would like to hand the conference over to Mr. Skander Malcolm, CEO. Please go ahead.

John Alexander Malcolm - OFX Group Limited - CEO, MD & Executive Director

Thank you, Melanie, and thank you all for taking the time to join at such short notice. I'm joined by Selena Verth, our CFO; and Matt Gregorowski, who leads our Investor Relations program through Citadel-MAGNUS. I am, of course, delighted to announce that OFX has entered into an agreement to acquire Firma Foreign Exchange, a corporate foreign exchange company headquartered in Edmonton, Canada for a consideration of AUD 98 million or CAD 90 million.

Our first major acquisition, this is highly strategic, EPS accretive and further accelerates OFX' mission to become the world's leading cross-border payment specialist. Hopefully, you've had a chance to look at our announcement and the slides, which we issued on the ASX this morning, which I'll now step you through.

Starting with Slide

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