NobleOak Life (ASX:NOL) completed the acquisition of RevTech's FiftyUp Club business and brand and trailing commissions on NobleOak products, according to a Monday filing with the Australian bourse.
The acquisition offers access to 480,000 FiftyUp Club members without ongoing commissions payable, the filing said.
The insurance provider's shares rose nearly 2% in afternoon trade Monday.
Price (AUD): $1.61, Change: $+0.03, Percent Change: +1.89%
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