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INVESTSMART GROUP LIMITED — M&A Activity 2013
Sep 29, 2013
65130_rns_2013-09-29_58a53d97-5447-4b51-852b-a108455ccce5.pdf
M&A Activity
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Australasian Wealth Investments Limited
A.C.N. 111 772 359
Level 4, 1 Alfred Street SYDNEY, NSW 2000
30 September 2013
PO Box R1695, Royal Exchange NSW 1225
Telephone: (612) 9080 2377 Facsimile: (612) 9080 2378
Attention: Company Announcements ASX Limited Sydney NSW 2000
By E-lodgement
Acquisition of InvestSmart
Australasian Wealth Investments Limited ( ASX Code : AWK) has settled its acquisition of InvestSMART from Fairfax Media Limited [ASX:FXJ] for a cash consideration of $7.0 million.
InvestSMART, established in 1999 and acquired by Fairfax in 2007, is an online financial services portal in Australia, providing self-directed investors with low cost access to financial information and products. The sale agreement contains plans to maintain a commercial relationship between Fairfax and InvestSMART, including the sale of display advertising on InvestSMART.com.au and the promotion of Fairfax products and services to the InvestSMART client base.
Enquiries in relation to the acquisition should be directed to Mr Andrew Barnes on:
Telephone: +64 9927 9503 Mobile: +64 275 781 402
Yours faithfully
Australasian Wealth Investments Limited
Richard Matthews Company Secretary