Cash Converters International Limited (Cash Converters or Cashies) is an Australian ASX-listed personal finance and secondhand retail company headquartered in Perth, Western Australia. History Cash Converters was founded in Perth, Western Australia, in 1984 by Brian Cumins and a group of partners. Within four years, the network had opened a further six outlets across Perth. The Company commenced its international expansion in the mid-1990s establishing operations in New Zealand, the United Kingdom (UK), France, Belgium, South Africa, Italy and other markets. As of 30 June 2021, the Company operated 693 stores across 15 countries, with all non-Australian stores managed through franchising agreements. The group listed on the London Stock Exchange (LSE) in 1995 and was then granted a dual listing on the ASX in February 1997 under the code CCV. In 2001, Cash Converters migrated its primary listing location to the ASX and subsequently delisted from the LSE on 19 February 2013 based on the composition of its share register and low trading volumes in the UK. Cash Converters made two acquisitions in 2006. The first, Safrock Finance Corporation (Safrock), was completed on 29 September for a total consideration of $17.5 million (including earn out) and the second was financial software platform MON-E for $15 million. Both acquisitions were funded through a combination of cash and shares (scrip). Cash Converters acquired 80% of vehicle financing company Green Light Auto Group Ltd (GLA) in September 2013 through the conversion of a $4 million loan previously provided to the business. In November 2014, Cash Converters acquired the remaining 20% of GLA, becoming a wholly-owned subsidiary. In November 2009, EZCorp (NASDAQ:EZPW) purchased a 30% stake in Cash Converters, appointing two representatives to the Board of Directors. Between dividend reinvestments and a rights issue in 2018, EZCorp increased its ownership to 35.65% on 30 June 2021. Products & Services The primary service provided by Cash Converters is personal finance in the form of small amount credit contracts (SACC) up to $2,000 and medium amount credit contracts (MACC) up to $5,000. Both these products are regulated by the National Consumer Credit Act 2009 (NCCP Act) and are available throughout the store network and online to Australian customers. The personal finance business is the largest contributor to Cash Converters total earnings, representing 53% of the Company’s EBITDA for the financial year 2021. The second highest earnings contributor for Cash Converters is its corporate-owned store network, which