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HARRIS TECHNOLOGY GROUP LIMITED — Capital/Financing Update 2014
Apr 14, 2014
65074_rns_2014-04-14_ae1c4df6-c624-4c6a-aa3b-31ea499dda34.pdf
Capital/Financing Update
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Shoply Limited
ASX:SHP
15 April 2014
ASX and Media Release
Update on acquisition of Online Homewares Store – Your Home Depot
Shoply Limited ( Shoply or the Company ) is pleased to provide an update to shareholders on its proposed acquisition of the business and assets of Your Home Depot Pty Ltd ( YHD ) as announced to the market on 17 February 2014.
Founded in 2003, YHD is one of Australia’s leading online homewares and home appliances retailers, and offers high-end kitchenware, home wares and electrical appliances nationwide via its online website www.yourhomedepot.com.au.
Shoply and YHD are now well advanced in their commercial negotiations about the proposed sale and purchase of YHD’s assets, and are progressing towards the execution of a definitive Assets Purchase Agreement between the parties, which is presently being finalised.
The Board expects that the Assets Purchase Agreement will be executed on or before 30 April 2014, and looks forward to advising the market of such, and providing further details of the anticipated completion date of the transaction.
-ENDS
For further information contact:
Simon Crean
Chief Executive Officer M: + 61 433 777 717
About Shoply Limited
Shoply is an Online Shopping and Online Advertising business focusing on the retail sale of consumer goods and distribution of advertising to publishers and publisher networks.
Shoply Limited ACN 085 545 973
Level 1, 61 Spring Street Melbourne VIC 3000
W: www.shoply.com.au E: [email protected]
T+ 613 9286 7500 F+ 613 9662 1472