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Cash Converters International Announces UK Store Acquisition
Tuesday August 11, 2009, 1:40 pm

Original Announcement: UK Store acquisition

Cash Converters International announced the acquisition of a franchised store in Barnsley, UK. This store was purchased from the existing franchisee for a total purchase price of GBP 662,212 which included assets of GBP 108,946. The acquisition price represents an EBIT multiple of 2.99 times. The acquisition of this store is anticipated to increase the Company's EBIT by in the order of A$443,000 (GBP 221,500) in its first full year of ownership. This acquisition takes the total number of corporate stores owned by the Company to 38, comprising of 17 in Australia and 21 in the UK. The Company intends to pursue the expeditious acquisition of further stores both in Australia and the UK.

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