Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ENERGY TECHNOLOGIES LIMITED Capital/Financing Update 2012

Jul 1, 2012

64831_rns_2012-07-01_999245fc-346b-451c-a28a-a562249d89b8.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [99 x 33] intentionally omitted <==

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.

END

For further information please contact:

Mr. Greg Knoke website: Company Secretary www.energytechnologies.com Energy Technologies Ltd (612) 9499 5471 [email protected]