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DGL GROUP LIMITED — Capital/Financing Update 2022
Mar 31, 2022
64770_rns_2022-03-31_a41c40e6-2cbd-4777-afef-216b388fc175.pdf
Capital/Financing Update
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DGL Group Ltd Level 4, 91 William Street Melbourne, VIC 3000 Melbourne, Australia e [email protected]
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ASX RELEASE
1 April 2022
RLA Polymers NZ Ltd Acquisition Complete & Cleansing Statement
DGL Group Limited (ASX:DGL) (NZX:DGC), is pleased to announce that it has completed the acquisition of RLA Polymers NZ Ltd (RLA), previously announced on 10 March 2022.
As part of the acquisition, DGL has today issued 363,924 fully paid ordinary shares to the vendors of RLA, for 2.93 per share, as part consideration. The shares are subject to 12-months escrow from date of issue.
A further cash payment of $3.45mil has been made to complete the acquisition.
An Appendix 2A for the issue of the above shares follows this announcement.
Notice Under Section 708A
The Company gives notice relating to the issue of securities as identified below.
The above-mentioned shares were issued without disclosure to investors under Part 6D.2, in reliance on section 708A (5) of the Corporations Act.
The Company, as at the date of this notice, has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act.
At the date of this notice, there is no information that is excluded information within the meaning of Section 708A (7) and 708A (8) of the Corporations Act and the Company has complied with the relevant provisions of Chapter 2M.
- ENDS -
Approved for release by the Board of DGL.
CONTACT Barbara Furci DGL Group Limited +64 9 309 9254 or [email protected]
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DGL Group Ltd Level 4, 91 William Street Melbourne, VIC 3000 Melbourne, Australia e [email protected]
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MEDIA ENQUIRIES
Aileen Bodart Cannings Strategic Communications +61 043 160 136 or [email protected]
ABOUT DGL GROUP LIMITED
DGL is a well-established, founder-led, end to end chemicals business that manufactures, transports, stores and manages the processing of chemicals and hazardous waste. The Company operates a network of sites, both owned and leased, across Australia and New Zealand. The Company has a strong track record of revenue and earnings growth.
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