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BABYLON PUMP & POWER LIMITED — Capital/Financing Update 2014
Sep 7, 2014
64557_rns_2014-09-07_9963ba1d-b2f3-4444-b2b3-25f8773c9d1b.pdf
Capital/Financing Update
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ASX Release
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8 September 2014
ADX Acquisition Update
IMI On 26 August 2014, IM Medical Limited (ASX: IMI, IMIO) ( or the Company ) announced the ADX proposed acquisition of ADX Management Limited ( ) and its intention to become manager Trust of a proposed major data centre trust Australian Data Exchange Trust (the ).
The Trust has advised IMI that it has extended an exclusivity agreement to acquire a former major newspaper print facility at Tullamarine, Victoria to 19 September and has extended the settlement date for the acquisition to 28 November 2014 or an earlier date by agreement.
The timetable for the Company’s acquisition of ADX has been extended accordingly and is summarised below.
**Indicative
Timetable**
| Event | Expected Date* | |
|---|---|---|
| Dispatch Shareholder Meeting Documentation | Mid September 2014 | |
| Dispatch Prospectus | Late September 2014 | |
| Shareholder Meeting, Complete Equity Capital Raising | Late October 2014 | |
| Suspend Company Shares | Late October 2014 | |
| Re-comply with Listing Rules 1 & 2 | Mid November 2014 | |
| Complete Acquisition | Late November 2014 |
- Shareholders should note that the timetable is indicative only and is subject to change.
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