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AMA GROUP LIMITED — Major Shareholding Notification 2017
May 8, 2017
64372_rns_2017-05-08_709ce5dc-91ee-4672-a8ce-fa07eea812af.pdf
Major Shareholding Notification
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Brisbane, 9 May 2017
MARKET UPDATE
AMA Group Ltd (ASX: AMA) obtained substantial shareholding in ASG
The Board of Automotive Solutions Group Limited (ASX: 4WD, “ASG” or the “Company”) has received a notice of substantial shareholding from AMA Group Limited (ASX: AMA). This notice was released to the ASX on 9 May 2017.
No other information or communication has been received from AMA Group Limited in relation to this purchase. AMA Group owns and operates a number of businesses in the automotive space.
Non-executive Director, Mr Bryce Wedemeyer said: “We see AMA’s purchase as a vote of confidence in the Company’s business and strategy, that a competitor who has an intimate knowledge of the industry has taken a substantial stake in ASG”.
Investor Enquiries: Media Enquires: Bryce Wedemeyer Melissa Mack Automotive Solutions Group Media and Capital Partners E: [email protected] E: [email protected] P: 0409 285 014 M: 0430 119 951