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SSH GROUP LTD — Regulatory Filings 2024
May 28, 2024
65863_rns_2024-05-28_456a2409-f02b-439c-bfee-da01f767c70c.pdf
Regulatory Filings
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SSH ADDENDUM – APPENDIX 4C (MARCH 2024) Date: 29[th] May 2024
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SSH Group Ltd ACN 140 110 130
SSH ADDENDUM – APPENDIX 4C (MARCH 2024)
SSH Group Ltd. (ASX:SSH) ( Company or SSH ) provides the following clarification information in relation to section 7 of the Appendix 4C in which there was a typographical error with respect to the total facility amount at the end of the March quarter.
SSH Group Ltd released its March 2024 Quarterly Activities Report and Appendix 4C, on 24 April 2024, yet there was a typographical error under section 7.1 Loan and asset finance facilities. The Total Facility at Quarter End balance should have read $27,583,000 instead of $28,583,000. The total facility balance was correctly reported as $32,583,000.
Furthermore, it should be noted that the whilst the total financing facilities at the quarter end was $32,583,000, these facilities are made up of debtor funding and asset finance facilities. The nature of these facilities requires there to be assets against which to secure any drawing, thus the unused balance of $595,000 is subject to the availability of particular assets to secure against any further drawdowns.
For the debtor funding facility this requires customer invoices that satisfy certain criteria as set by the financier, NAB, and then the funds to be drawn are limited to 80% of the gross amount of the debtor invoices.
Similarly, the asset finance facility (equipment finance) is only applicable for funding the purchase of assets that meet certain criteria by the financier. The financiers for these equipment facilities are as set out in 7.6 of the Appendix 4C.
Authorisation
This release has been authorised in accordance with the Company’s published continuous disclosure policy and approved for release by the Board of SSH Group Ltd.
About SSH Group
SSH Group Ltd is an industrial company that has a portfolio of businesses, focused on service delivery to industries reliant on outsourced resourcing.
SSH Group Ltd builds and acquires quality businesses that are scalable and demonstrate a strong potential for high return on investment.
SSH Group Ltd is committed to improving outcomes for Australian projects and communities.
ASX: SSH www.sshgroup.com.au
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SSH ADDENDUM – APPENDIX 4C (MARCH 2024) Date: 29[th] May 2024
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Caution Regarding Forward Looking Statements
This announcement may contain forward looking statements which involve a number of risks and uncertainties. Forward-looking statements are expressed in good faith and are believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information.
Should one or more risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. The forward- looking statements are made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward looking statements, whether as the result of new information, future events or results, or otherwise.
Further Details
ASX Market Data
www2.asx.com.au/markets/company/ssh
Investor Portal
www.sshgroup.com.au/investors-media
Registered Office
Post
SSH Group Ltd Company Secretary Level 3, [email protected] 88 William Street, SSH Group Ltd Perth Western Australia 6000 9:00am - 5:00pm (WST) PO Box 189 Monday to Friday WELSHPOOL DC 6986
Company Secretary [email protected] SSH Group Ltd
ASX: SSH www.sshgroup.com.au
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