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CAR GROUP LIMITED — Capital/Financing Update 2016
May 22, 2016
64605_rns_2016-05-22_7c5173e7-9773-427c-b942-6f874d480f1b.pdf
Capital/Financing Update
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ASX/MEDIA RELEASE
ASX waiver granted, carsales Strategic Agreement in effect
23 May, 2016 – Further to the announcement of 3 May, iCar Asia Limited (‘iCar Asia’ or the ‘Company’) , owner of ASEAN's number 1 network of automotive portals today announced that its Strategic Relationship Agreement with carsales (ASX: CAR) was now in effect.
The ASX has granted a waiver of Listing Rule 6.18 to permit the Company to grant a share topup right to carsales. This was the final condition to completion of the Strategic Relationship Agreement. The top-up right will lapse on 29 April 2019, or earlier in the event that carsales’ shareholding in the Company is exceeds 25%, or falls below 15%, or if the strategic relationship between iCar Asia and carsales is terminated before that date.
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For more information please contact:
| Joe Dische | Mark Licciardo |
|---|---|
| Chief Financial officer | Company Secretary |
| iCar Asia Ltd | iCar Asia Ltd |
| Mobile: +6017 854 5218 | Tel: +613 8689 9997 |
| Email: [email protected] | Email: [email protected] |
About iCar Asia Limited (www.icarasia.com)
Listed on the Australia Securities Exchange, iCar Asia (ASX: ICQ) owns and operates ASEAN’s No.1 network of automotive portals.
Headquartered in Kuala Lumpur, Malaysia, the company is focused on developing and operating leading automotive portals in Malaysia, Indonesia and Thailand. iCar Asia is continuously working to capitalize on its market-leading positions, with its online properties currently reaching over 6.1 million car buyers and sellers in the region every month.
iCar Asia Network of websites
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Malaysia: Carlist.my
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Malaysia: LiveLifeDrive.com
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Indonesia: Mobil123.com
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Thailand: One2Car.com
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Thailand: Autospinn.com
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Thailand: Thaicar.com
iCar Asia Limited
Suite 18.01, Level 18, Centrepoint North, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia Tel: +603.2776.6000 Fax: +603.2776.6020 web: www.icarasia.com