Autosports Group Issues Shares to Fund Barry Bourke Motors Dealership Acquisition

Autosports Group Ltd ( (AU:ASG) ) has provided an update.

Autosports Group Limited has issued 3,108,532 fully paid ordinary shares as part of the purchase consideration for its acquisition of the business and assets of ten Barry Bourke Motors dealerships in Victoria, executed through its wholly owned subsidiary, Autosports Castle Hill Pty Ltd. The company confirmed the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, stated it is compliant with its financial reporting and continuous disclosure obligations, and advised there is no excluded information requiring disclosure, underscoring regulatory compliance as it expands its Victorian dealership footprint and strengthens its position in the prestige and luxury automotive retail market.

The most recent analyst rating on (AU:ASG) stock is a Buy with a A$4.85 price target. To see the full list of analyst forecasts on Autosports Group Ltd stock, see the AU:ASG Stock Forecast page.

More about Autosports Group Ltd

Autosports Group Limited (ASX: ASG) is Australia’s only ASX-listed specialist prestige and luxury automotive retailer, operating more than 75 businesses across key metropolitan markets in Sydney, Melbourne, Canberra, Brisbane, the Gold Coast and Auckland. Established in 2006 as a single luxury dealership, it has grown into a diversified automotive group representing premier luxury and prestige brands, with operations spanning new and used vehicle and motorcycle dealerships, used vehicle outlets, specialist collision repair facilities, and comprehensive services including finance and insurance, aftermarket products, parts, servicing and repairs.

Average Trading Volume: 368,698

Technical Sentiment Signal: Buy

Current Market Cap: A$790.5M

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