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HANSEN TECHNOLOGIES LIMITED — Capital/Financing Update 2013
Jun 17, 2013
65073_rns_2013-06-17_7a72f553-6d97-43ac-8815-bd5aff4d1225.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
18 June 2013
Block trade introduces new institutional investors to the Hansen share register
Hansen Technologies Limited (ASX: HSN) notes that a block trade of 21,000,000 Hansen shares has been executed by Baillieu Holst Ltd.
Our Company’s majority shareholder Othonna Pty Ltd, an entity associated with the Hansen family, has offered a combined 21,000,000 shares or 23% of its current shareholding to a select group of institutional investors. Post the block trade Othonna‘s shareholding in Hansen will have reduced to 44% of Hansen’s issued shares.
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The releasing of this tranche of shares to a broader range of institutional investors represents a further step to increasing the liquidity of Hansen shares. Othonna Pty Ltd has made a voluntary commitment that its remaining shareholding (post the block trade) shall be subject to escrow until the release of Hansen’s Fiscal 2014 interim half year results, expected to be around February 2014.
Our company’s CEO Mr. Andrew Hansen has advised, “Today’s action by Othonna in no way represents any reduction of my personal commitment to Hansen Technologies Limited. I remain committed to robustly pursuing the growth of our business both organically and through acquisitions. I am very positive about our future”.
This action, initiated by the Hansen family to reduce their overall shareholding in Hansen and in so doing introducing key institutional shareholders to the Hansen share register is, in the opinion of the independent Directors of Hansen, positive and in the interest of all shareholders.
About Hansen Technologies – www.hsntech.com
The Hansen Technologies Group (ASX: HSN) is a leading provider of software solutions for billing, customer care, metering and meter data management to electricity, gas and water utilities, telecommunication companies and pay TV providers. Hansen’s unique approach to best-fit solutions leverages the Peace[®] , Nirvanasoft and HUB CIS platforms as well as the ICC pay TV solution suite to develop, deliver, and support high-value solutions for clients in over 40 countries. In addition to solutions for the electricity, gas, water, telecommunications and pay TV sectors, Hansen also offers outsourcing and facilities management services from its purpose built facilities in Melbourne. Hansen also supports the Classic Superannuation administration solution.
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Founded in 1971, Hansen has offices in Australia, USA, New Zealand, China and the United Kingdom.
For further information contact
Mr Andrew Hansen Mr Grant Lister Managing Director Company Secretary Hansen Technologies Limited Hansen Technologies Limited 61 3 9840 3000 61 3 9840 3000
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