SRG GLOBAL LIMITED — M&A Activity 2022

Mar 29, 2022

30 March 2022

SRG Global acquires WBHO Infrastructure in Western Australia

SRG Global Limited (‘SRG Global’ or ‘the Company’) (ASX: SRG) is pleased to advise that its sale agreement to acquire the WBHO Infrastructure Pty Ltd (WBHO Infrastructure) Western Australia business will complete on 31 March 2022, following a successful second meeting of creditors of this entity today.

The Administrators exercised their right to pursue a sale of the business, and their recommendation the sale be completed by way of a Deed of Company Arrangement proposed by SRG Global was overwhelmingly supported by creditors.

SRG Global Managing Director, David Macgeorge, said: “We are pleased to see our proposal get the support of creditors and look forward to integrating the WBHO Infrastructure WA business into our operations as seamlessly as possible, underpinning the ongoing employment of workforce at all levels, providing certainty for them as well as clients and suppliers.”

ENDS

This announcement was authorised for release to ASX by the Managing Director.

Investor Contact

SRG Global Judson Lorkin (08) 9267 5400

About SRG Global

SRG Global is an engineering-led global specialist asset maintenance, mining services and construction group operating across the entire asset lifecycle of engineer, construct and sustain. The Company operates three segments of Asset Services, Mining Services and Construction. For more information about the variety of services offered by SRG Global, click here.

About WBHO Infrastructure WA

WBHO Infrastructure WA is headquartered in Perth, Western Australia, and was part of the WBHO Group, South Africa’s leading infrastructure contractor and publicly listed on the Johannesburg Securities Exchange (JSE). WBHOI WA provides asset management, civil maintenance and construction services across the resources, government, transport, infrastructure, aviation and utilities sectors, and holds the highest available national road/bridge accreditation (R5/B4).

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