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AXTEC LIMITED — Capital/Financing Update 2015
Sep 7, 2015
64479_rns_2015-09-07_87341620-7042-4744-a34f-28e829696dab.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX CODEAXIISSUED CAPITALOrdinary Shares413.3 MCONTACTSouth AustraliaLevel 3, Stafford House25 Leigh StreetAdelaide SA 5000Phone: (08) 8120 2400Email: [email protected]New South WalesSuite 2001, Lvl 20 AustraliaSquare 264-278 George StreetSydney NSW 2000Phone: (02) 8243 2800Fax: (02) 9251 1838Email: [email protected]----- End of picture text -----
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8 September 2015
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FIRB APPROVES STRATEGIC PARTNERSHIP
Adelaide, Australia, Tuesday 8 September 2015: Axiom Properties Limited (ASX:AXI)
Axiom Properties Ltd (“Axiom”) refers to its ASX announcement on 12 June 2015 advising of the formation of a Strategic Partnership with Oriental University City Holdings (H.K.) Limited (“OUC”). Axiom is pleased to announce that OUC has received advice from the Australian Government Foreign Investment Review Board that it has no objection to OUC increasing its shareholding in Axiom to 19.9 per cent.
OUC will between now and 30 November 2015 endeavour to purchase an additional 5% of the issued shares of Axiom on-market at or below 6 cents per share.
As previously announced, under the Subscription Agreement if OUC has not purchased the additional 5% of Axiom’s shares on-market by 30 November 2015, Axiom will issue OUC sufficient new shares (of approximately 5% ranking equally with its existing shares) at 6c per share so that OUC will obtain a 19.9% shareholding interest in Axiom.
About Axiom Properties Ltd
Axiom Properties Ltd is a property development and investment business focused on developing and delivering quality property solutions. Axiom’s principal objective is to create long term value for shareholders through creating a well-respected property development and investment company that consistently delivers above industry returns on capital.
For more information, please contact: Ben Laurance Managing Director +61 408 955 281