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BAPCOR LIMITED — Capital/Financing Update 2015
Mar 12, 2015
64494_rns_2015-03-12_8e43f38b-a0ba-4b60-bfee-ce6efd2312f4.pdf
Capital/Financing Update
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Burson Group Limited A.B.N 80 153 199 91261 Gower Street (PO Box 8251 Northland) Preston, Victoria, 3072 Australia Tel: + 61 3 9914 5555 Fax: + 61 3 9914 5544 www.burson.com.au
Burson Group Limited
(ASX: BAP)
ASX Release
13 March 2015
Conditions satisfied for partial escrow release
Burson Group Limited ( Burson or the Company ) advises that at the close of trading on Thursday 12 March 2015, the volume weighted average trading price of Burson shares on 20 consecutive trading days following release of Burson’s half year results for the period ending 31 December 2014, was at least 20% higher than the offer price under Burson’s initial public offering.
In accordance with Listing Rule 3.10A, Burson advises that pursuant to clause 1.2(c) of the escrow deed dated 31 March 2014 entered into by the Quadrant Funds, 8,134,482 Burson shares (being 25% of the escrowed shares held by the Quadrant Funds), will be released from escrow on 27 March 2015 (being 10 Business Days following satisfaction of the conditions).
If requested by the Quadrant Funds, the Company will remove the holding lock with respect to the 8,134,482 shares in order to facilitate a disposal of those shares by Quadrant Funds on or after 27 March 2015.
-Ends
For further information, please contact:
Darryl Abotomey Managing Director and CEO +61 419 838 059 +61 3 9914 5555
Gregory Fox
Chief Financial Officer and Company Secretary +61 417 562 891 +61 3 9914 5555
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