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IGNITE LIMITED — Capital/Financing Update 2015
Sep 23, 2015
65110_rns_2015-09-23_5fbb2e7b-66f4-4185-b521-6bab790296ae.pdf
Capital/Financing Update
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ABN 43 002 724 334 Level 9, 1 York Street Sydney NSW 2000 t. 02 9250 8100 www.clarius.com.au
ASX Announcement
24 September 2015
Clarius Group banking facility
Clarius Group has signed a credit approved term sheet with a major financial institution for the provision of a Debtor Finance Facility and a Bank Guarantee Facility to assist with working capital requirements. Both facilities will be provided on a 12 month term and will be subject to annual review.
The facilities are secured by a limited and capped personal guarantee and cash deposit from a substantial shareholder in the Company. The cash security is provided on normal commercial terms and will be interest bearing from the date on which the cash security was set-up.
For further information, contact:
Peter Wilson, CEO 02 9250 8100
About Clarius Group
Clarius Group (ASX:CND) is an Australian Securities Exchange listed company made up of five specialty recruitment businesses and an IT services business that exists for the clear purpose of connecting great people in order to fulfill clients’ business needs and candidates’ work aspirations.
For more than 30 years, the company has been using its deep industry expertise and extensive relationships to unite permanent and contract workers with private sector and government clients of all sizes throughout Asia Pacific.
With hundreds of employees, Clarius Group operates in 14 cities across Australia, New Zealand and China.
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