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CODAN LIMITED — Regulatory Filings 2021
Jun 30, 2021
64629_rns_2021-06-30_e0d62786-a768-411d-b289-ed8358dc3d7f.pdf
Regulatory Filings
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1 July 2021
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COMPANY ANNOUNCEMENTS PLATFORM AUSTRALIAN SECURITIES EXCHANGE
CODAN COMPLETES SALE OF MINETEC PTY LIMITED TO CATERPILLAR HOLDINGS AUSTRALIA PTY. LTD.
On 2 June 2021, Codan Limited (ASX: “CDA”) announced it had reached agreement to sell 100% of the shares in its wholly-owned subsidiary Minetec Pty Ltd to Caterpillar Holdings Australia Pty. Ltd, for approximately $US14 million (inclusive of working capital) and a volumebased earn out over the next five years.
This transaction has been successfully completed today.
On behalf of the Board
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Michael Barton
Company Secretary
This announcement was authorised by the Board of Directors.
Codan is a technology company that develops robust technology solutions to solve customers’ communications, safety, security and productivity problems in some of the harshest environments around the world.
- FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
| Michael Barton | Kayi Li |
|---|---|
| Company Secretary & CFO | Manager, Investor Relations |
| Codan Limited | Codan Limited |
| (08) 8305 0392 | (08) 8305 0392 |
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