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ENERGY TECHNOLOGIES LIMITED — Capital/Financing Update 2012
Jul 1, 2012
64831_rns_2012-07-01_999245fc-346b-451c-a28a-a562249d89b8.pdf
Capital/Financing Update
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ENERGY TECHNOLOGIES LIMITED
A.B.N. 38 002 679 469
Suite 10, 67 Wanganella Street Balgowlah NSW 2093 Tel: +61 2 9949 5471 Fax: +61 2 9949 8326 www.energytechnologies.com.au
Australian Stock Exchange Company announcements platform 2 July 2012
ABN 38 002 679 469
Completion of acquisition
Energy Technologies Ltd (ASX: EGY) announces that it has this morning completed its contract to purchase the company Bambach Wires and Cables Pty Ltd (‘Bambach’). The entry into the contract was announced on 5 June 2012.
On completion, EGY paid the fixed component of the purchase price which together with the deposit amounted to one million dollars ($1,000,000). The balance of the purchase price is estimated to be about $2.5 million and will be paid over the next three years. A part of this price is dependent on the future trading performance of Bambach.
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For further information please contact:
Mr. Greg Knoke website: Company Secretary www.energytechnologies.com Energy Technologies Ltd (612) 9499 5471 [email protected]