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ECS BOTANICS HOLDINGS LTD — M&A Activity 2010
May 2, 2010
64818_rns_2010-05-02_d41e2b60-b94f-4b6d-af6f-c585464dce55.pdf
M&A Activity
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71 Thistlethwaite St South Melbourne 3205 VIC Australia Tel: 03 9 698 7800 Fax: 03 9 698 7878 www.hostech.com.au
3 May 2010
ASX Announcement
Hostech Acquires AXXIS Technology
The Board of Directors of Hostech Limited (“Hostech”) is pleased to announce that Hostech has completed the acquisition of AXXIS Technology Pty Ltd (“AXXIS”).
Hostech acquired AXXIS for the total consideration of $2,000,000 satisfied by the issue of 17,857,143 Hostech ordinary shares at an issue price of 2.8 cents per share and $1,500,000 in cash. For information on AXXIS please visit www.axxis.com.
Justyn Stedwell Company Secretary On behalf of the Board of Directors Hostech Limited
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