GPS Online trading halt; to make strategic investment
10:50, Thursday, 13 October 2005
Sydney - Thursday - October 13: (RWE Australian Business News) - GPS Online Ltd (ASX code: GPO) was placed in trading halt this morning, at the request of the company, pending the release of an announcement on terms, conditions and impact of an acquisition. The company said it requested the trading halt after receiving binding heads of agreement whereby GPO will acquire a strategic investment that will accelerate the expansion of its mining services in the GPS Online Engineering division. This transaction would have an immediate positive impact on both group profitability and free cash flow. It is subject to conditions, including GPO shareholder approval. The shares rose 0.1c to 3c yesterday.
GPO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.