This from ADO's response to the ASX 27 June 2017:
On the 18 April 2017, Anteo announced that it has finalized the Earn Out obligations with the DIAsource Vendors at €4.322 million, of which 85% or €3.674 million is to be paid in cash and the remaining in equity.
The payment of the Earn Out Liability and the next Vendor Finance Liability (which collectively total €4.87 million) are both due on the 11 July 2017, with payment to be made no later than 31 July 2017.
The Company is working on a number of financing options, including corporate transactions at the parent Company level or the possible divestment of DIAsource, to meet these financial obligations, however at this stage these options are incomplete and therefore unable to be disclosed.
3.1. The Company considers that it is complying with the Listing Rules, including Listing Rule 3.1.
From the ASX
This Listing rule 3.1 does not apply to particular information while each of the following requirements is satisfied in relation to the information: 3.1A.1 One or more of the following 5 situations applies:
It would be a breach of a law to disclose the information;
The information concerns an incomplete proposal or negotiation;
The information comprises matters of supposition or is insufficiently definite to warrant disclosure;
The information is generated for the internal management purposes of the entity; or
The information is a trade secret; and
3.1A.2 The information is confidential and ASX has not formed the view that the information has ceased to be confidential; and
3.1A.3 A reasonable person would not expect the information to be disclosed
They don't have to announce anything yet as clearly, they have nothing finalised............... so we all continue to wait.
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Mkt cap ! $51.83M |
Open | High | Low | Value | Volume |
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3 | 94160 | 0.017 |
Price($) | Vol. | No. |
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