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VECTION TECHNOLOGIES LTD — Share Issue/Capital Change 2017
Sep 12, 2017
66017_rns_2017-09-12_64727024-560a-4bc9-b95c-3ef2ab81b043.pdf
Share Issue/Capital Change
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ASX Announcement
13 September 2017
UPCOMING RELEASE OF SHARES FROM ESCROW
ServTech Global Limited (ASX: SVT) (‘ ServTech ’ or ‘ the Company ’) advises the upcoming release of ordinary shares from escrow:
| Number of Shares | Date of Release from Escrow |
|---|---|
| 350,000 | 27 September 2017 |
| 625,000 | 28 September 2017 |
The Company will apply for quotation of these shares within 10 days business days of the release of the shares from escrow as required by Listing Rule 2.8.2.
ENDS
About ServTech Global
ServTech Global is a back-office technology and services company that revolutionises the way businesses manage transactions through a unique customised Software as a Service (SaaS) workflow management application and back office support service. ServTech is the holding company of a number of wholly-owned subsidiary companies, including a real estate agency (Sell Lease Property Pty Ltd), a conveyancing business (Complete Settlements), a property management business (Capitol Asset Management) and a mortgage broking business (Value Finance).
ServTech’s key revenue driver to date is Sell Lease Property which has utilised ServTech’s SaaS platform (the ‘Angel’ platform) to improve operating efficiencies, minimise fixed overheads and increase profit margins, becoming a disruptive player in the Australian real estate sector. With operations in four states, Sell Lease Property has grown to have more than 200 property consultants nationally since its launch in 2012. Over the financial year periods 2015/2016 Sell Lease Property achieved revenue growth of 370%.
Further information: Brett Quinn Managing Director/CEO Tel: +61 (0) 487 048 776
Tony Dawe Mark Davies Citadel-MAGNUS 1861 Capital Tel: +61 (0) 405 989 743 Tel: +61 (0) 413 137 887
Efficient Services Effective Technology
www.servtechglobal.com.au