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BABYLON PUMP & POWER LIMITED — Capital/Financing Update 2014
Sep 21, 2014
64557_rns_2014-09-21_6150622a-23c3-4990-9ff7-c19161123e52.pdf
Capital/Financing Update
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22 September 2014
ASX Release
Trust Property Acquisition Update
IMI On 8 September 2014, IM Medical Limited (ASX: IMI, IMIO) ( or the Company ) announced an update to its proposed acquisition of ADX Management Limited and its intention to become manager of a proposed major data centre trust, the Australian Data Exchange Trust ( the Trust ). The Trust has an exclusivity agreement to acquire a property at Tullamarine, Victoria for conversion into a major data centre.
IMI has been advised that the exclusivity agreement has been extended on a basis agreed with the vendor to allow for certain clerical delays, and the Trust expects to enter into a contract for the acquisition of the Tullamarine site in coming weeks. The delays are not expected to have any impact on the completion date for the transaction of late November 2014 as announced on 8 September 2014.
Enquiries
Any enquiries should be directed to:
Richard Wadley Company Secretary (03) 9607 8280
IM Medical Limited T 03 9607 8280 Level 40 F 03 9613 4111 140 William St. Melbourne VIC 3000Aust E [email protected] ACN 009 436 908 W immedical.com.au