Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

AMA GROUP LIMITED Capital/Financing Update 2009

Jul 5, 2009

64372_rns_2009-07-05_1f5325f8-1ead-405d-8462-31d07d1f7986.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

30[th] June 2009

==> picture [216 x 42] intentionally omitted <==

ASX ANNOUNCEMENT

AUTOLAC BUSINESS SOLD

Allomak Limited (“Allomak” or the “Company”) (ASX Code: AMA) today announced that it has sold the operating business of Autolac Pty Ltd. During the restructure period, the Board assessed the Autolac business and believes that it is not part of the go-forward strategy of the Company.

The buyer of the business is Autolac Industries Pty Ltd, an independent entity with experience in the automotive paint industry. The new owners have acquired the business operations, inventory, plant and equipment. They have also contracted to take on employment of the Autolac staff.

This decision will assist in lowering the working capital and debt of the Company.

For further information please contact:

Tom McDonald CFO and Joint Company Secretary Allomak Limited (02) 8244 9200