TGA thorn group limited
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News: TGA Thorn Group Says For Now Board Resolves Not To Proceed With Sale Of Business Finance...

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    18/09/19
    11:20
    Post #: 40464348

    Sept 18 (Reuters) - Thorn Group Ltd (TGA) :

    • FOR NOW, BOARD RESOLVES NOT TO PROCEED WITH SALE OF ITS BUSINESS FINANCE DIVISION TO CONSOLIDATED OPERATIONS GROUP
    • BOARD OPEN TO EVALUATING & CONTINUING DISCUSSION WITH CONSOLIDATED OPERATIONS (COG) TO BETTER UNDERSTAND TERMS OF COG'S PROPOSAL
    • COMPLETES INSTITUTIONAL COMPONENT OF ITS FULLY UNDERWRITTEN 1-FOR-1 INSTITUTIONAL ENTITLEMENT OFFER TO RAISE ABOUT $15.4 MILLION
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