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ASPEN GROUP — Capital/Financing Update 2013
Apr 2, 2013
64404_rns_2013-04-02_2dabbc85-3659-401d-b722-0e6812b9218d.pdf
Capital/Financing Update
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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 3, Newspaper House 129 St Georges Terrace, Perth Western Australia, 6000
Telephone: 08 9220 8400 Facsimile: 08 9220 8401
Email: [email protected]
MARKET RELEASE
ASX ANNOUNCEMENT 3 April 2013
Settlement of non-core residential landholding - Byford
Aspen refers to its half year results announcement on 25 February 2013, and in particular to progress in executing its stated strategy of divesting non-core assets.
Aspen is pleased to advise that it has settled the sale of a non-core residential development property at Nettleton Road, Byford in Western Australia for $6.5m, with proceeds of sale to be applied to repayment of debt. The property formed part of the noncore assets, held on balance sheet, with the sale being in line with book value at 31 December 2012.
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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 – settlement Nettleton Rd April 2013