SelfWealth (ASX:SWF) has determined the Bell share consideration alternative for its proposed acquisition by Bell Financial Group (ASX:BFG), according to a Monday filing with the Australian bourse.

Under the alternative, SelfWealth shareholders will receive 0.1831 Bell shares per SelfWealth share, the filing said.

The offer is subject to a pro-rata scale-back mechanism and will not be available to certain foreign shareholders, the filing added.

A scheme meeting for SelfWealth shareholders to vote on the proposed acquisition is expected before the end of March, the company said.

Shares of the company rose almost 2% in recent Monday trade, while shares of BFG fell past 1%.