SelfWealth and Bell Financial's acquisition plan

SelfWealth (ASX:SWF) has received a revised acquisition proposal from Bell Financial Group (ASX:BFG). The offer includes $0.25 per share in cash or an option to receive Bell shares, valuing SelfWealth at approximately $58 million. This represents a significant 108% premium on SelfWealth's last closing share price. The Board recommends shareholders vote in favor of the proposal unless a superior offer arises.

Overview and future outlook

SelfWealth has announced a revised acquisition proposal from Bell Financial Group, offering $0.25 per share or Bell shares under a scheme of arrangement. This proposal values the company at $58 million, providing a 108% premium on the closing share price. After considering previous offers, the Board recommends the proposal, subject to no superior offers and shareholder approval. A scheme meeting is expected by March 2025, with a scheme booklet outlining the details. Shareholders have the choice of cash or shares, with a cap on the share option. The process involves standard exclusivity agreements and break fees, ensuring a structured approach to maximizing shareholder value.

Executive commentary on acquisition proposal

The revised proposal from Bell Financial Group represents a strong premium and provides significant value to our shareholders. It reflects the strategic value of SelfWealth and the growth opportunities that a collaboration with Bell can unlock.