BRIEF-HMC Capital to Acquire Global Switch Australia For A$1.937 Bln

Reuters10-24

Oct 24 (Reuters) - HMC Capital Ltd :

* ASX ALERT-HMC TO ESTABLISH GLOBAL DIGICO PLATFORM AND EQUITY RAISING

* ACQUIRING GLOBAL SWITCH AUSTRALIA FOR A$1.937BN

* UNDERTAKING A A$300M FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT

* PLACEMENT AT ISSUE PRICE OF A$8.75 PER SHARE

* BASED ON HMC PERFORMANCE YTD, ANNUALISED FY25 OPERATING EPS IS 46 AU CENTS

* FY25 DPS GUIDANCE OF 12 AU CENTS REAFFIRMED

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((Reuters.Briefs@thomsonreuters.com;))

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