CASH CONVERTERS INTERNATIONAL

CASH CONVERTERS INTERNATIONAL (ASX: CCV)

Cash Converters has acquired 100% of the ordinary shares in Capital Cash for up to ₤1 3.9m (approximately $24.7 m).
Capital Cash is the largest group of stores, operating 42 franchise stores and generated an underlying FY 2022 EBITDA of ₤2.9m ($5.1m).
The acquisition gives Cash Converters a corporate store footprint in the UK, and an experienced management team to grow the business.

2023-03-06 08:15:00

Cash Converters International Limited entered an Enforceable Undertaking with AUSTRAC.
The EU follows an investigation by AUSTRAC into Cash Converters' compliance with Australia's anti-money laundering and counter-terrorism financing laws.
No fine has been imposed as a part of this EU.

2023-02-21 09:34:00

Cash Converters International Limited (ASX: CCV) is expecting to recognise a one-off, non-cash, pre-tax impairment charge in the range of $90 million to $110 million in their financial results for the half year ended 31 December 2022.
This anticipated impairment is due to Federal Parliament passing legislative changes in December 2022, which include Financial Sector reforms relating to Small Amount Credit Contracts (SACC).
These changes reflect an anticipated diminishing strategic contribution of SACC loan products to the Company’s earnings from FY2024 onwards.

2023-02-21 09:25:00