AI assistant
ASPEN GROUP — Capital/Financing Update 2012
Sep 27, 2012
64404_rns_2012-09-27_c628df3a-994b-4547-954f-e8fee56cc9cf.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [198 x 78] intentionally omitted <==
==> picture [181 x 118] intentionally omitted <==
----- Start of picture text ----- Aspen Group LimitedABN 50 004 160 927Aspen Property TrustARSN 104 807 767Level 3, Newspaper House129 St Georges Terrace, PerthWestern Australia, 6000Telephone: 08 9220 8400Facsimile: 08 9220 8401Email: [email protected]----- End of picture text -----
ASX ANNOUNCEMENT 28 September 2012
Exercise of Investor Put over Interest in Aspen Development Fund No. 1 Limited
Aspen Group (APZ) advises that it has today received a valid Notice of Exercise of the ‘Investor Put’ relating to Aspen Development Fund No. 1 Limited ( ADF ).
In line with previous ASX announcements, the impact of the exercise of the Investor Put is the requirement for Aspen Group to acquire a further 27.8% interest in ADF at a purchase price of $25.3m. Settlement under the Investor Put will occur on 27 November 2012.
Aspen Group notes the commitment and any associated stamp duty has been allowed for in full as part of the Entitlement Offer announced on 24 September 2012.
End
For further information please contact:
Hugh Martin Brett Fullarton Interim Chief Executive Officer Chief Financial Officer Phone: (+61) 8 9220 8400 Phone: (+61) 8 9220 8400 Email [email protected] Email [email protected]
Aspen Group ASX Announcement 28 September 2012