Steadfast Group Ltd Acquisition of Sure Insurance Call Transcript
Thank you, Alexi, and good morning, everybody, and thank you for joining the call. You should all have the pack that we've sent out. So thank you for logging on to the call. Just -- there's a few pages of important notice and disclaimer. So please I'd like you to reflect on those because that's the basis upon which we're giving you this information today. And I guess if we could just go to Page 8 of the slide pack, that will take you into maybe a little upgrade on our FY '24 trading.
We started -- the first quarter was started well. Then the next 4 months worked out extremely well for us from that point of view. The acquisition program that's where we told you we're going to do $280 million, excluding Sure, we've done $165 million. We're on line. We've completed the acquisition of ISU in North America. And as the date of this document, Stead has got an unused debt funding capacity $165 million available to fund our further acquisitions. And our gearing sits at that particular time at about 26.2% prior to the
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