Edition:
India

Advanced Health Updates On Terms For Sale Of 25.1% Of Presmed Australia Pty Ltd


Thursday, 12 Dec 2019 

Dec 12 (Reuters) - Advanced Health Limited ::JSE: AVL - DETAILED TERMS ANNOUNCEMENT REGARDING THE DISPOSAL OF 25.1% OF PRESMED AUSTRALIA PTY LIMITED.ADVANCED HEALTH LIMITED - ADVANCED HEALTH CURRENTLY OWNS 86.51%, OF PMA, FOLLOWING TRANSACTION, ADVANCED HEALTH WILL OWN 61.41% OF PMA.ADVANCED HEALTH - CONCLUDED SHARE SALE, PURCHASE AGREEMENT FOR INVESTMED TO BUY 25.1% OF PMA'S SHARES FOR CONSIDERATION OF AUD5.775 MILLION.ADVANCED HEALTH - INVESTMED TO BUY AND ADVANCED HEALTH TO SELL 210 542 ISSUED ORDINARY PMA SHARES (CONSTITUTING 25.1% OF TOTAL 838 813 PMA SHARES).ADVANCED HEALTH LIMITED - FUNDING RECEIVED FROM TRANSACTION WILL PRIMARILY BE USED BY ADVANCED HEALTH TO SETTLE DEBT AND TO FUND OPERATIONS. 

Company Quote

38.0
-4.0 -9.52%
23 Jan 2020