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PPK GROUP LIMITED — Capital/Financing Update 2015
Apr 29, 2015
65603_rns_2015-04-29_4fc8c1b2-ea98-4c5b-91ec-5e41545eb5c6.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
FOR IMMEDIATE RELEASE TO THE MARKET
PPK Group Limited – ASX Code: PPK
Thursday 30 April 2015
Dandenong South Property Sold
PPK Group Limited (PPK) is pleased to announce that its wholly owned subsidiary, Dandenong South Property Pty Ltd ( DSP ) has entered into a conditional agreement for the sale of its Dandenong South property for $12.35m. Subject to DSP satisfying the conditions precedent, the sale is due to settle on 21 May 2015.
The sale proceeds will be applied to reduce associated debt facilities and for working capital purposes.
For further information contact:
Robin Levison Chairman Tel: (07) 3054 4500
Peter Barker Chief Executive Officer Tel: (07) 3054 4500
PPK GROUP LIMITED ABN: 65 003 964 181
Level 27, 10 Eagle St, Brisbane QLD 4000 GPO Box 754, Brisbane Qld 4001 Tel: +61 7 3054 4500 Fax: +61 7 3054 4599
Doc ID 283333893/v1