IQE 0.00% 1.1¢ intueri education group limited (in liquidation)

Ann: ASSET: IQE: IQE INTUERI COMPLETES ACQUISITION OF NZIS

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    • Release Date: 30/11/15 15:48
    • Summary: ASSET: IQE: IQE INTUERI COMPLETES ACQUISITION OF NZIS
    • Price Sensitive: No
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    					IQE
    30/11/2015 15:48
    ASSET
    PRICE SENSITIVE
    REL: 1548 HRS Intueri Education Group Limited
    
    ASSET: IQE: IQE  INTUERI COMPLETES ACQUISITION OF NZIS
    
    30 November 2015
    
    Further to the announcement of 23 July 2015, Intueri Education Group
    (NZX/ASX: IQE) is pleased to confirm that it has settled the acquisition of
    100% of the shares in the New Zealand Institute of Sport (NZIS) and the New
    Zealand College of Massage (NZCM).
    
    The settlement followed receipt of approval from the Overseas Investment
    Office for the acquisition, which was a condition of purchase. Due to timing
    in receiving this approval, settlement is two months later than the original
    anticipated date.
    
    NZIS has been a unique feature of the vocational training landscape in New
    Zealand for almost 20 years offering a diverse range of tertiary programmes
    for those pursuing careers in the sport, fitness and recreation sectors.
    
    The acquisition includes the New Zealand College of Massage (NZCM), regarded
    as New Zealand's leading tertiary massage therapy provider, offering a range
    of bodywork therapies at certificate and diploma level. NZCM is a subsidiary
    of NZIS and is one of only two providers to offer a Bachelor's Degree level
    Massage Therapy programme.
    
    Rob Facer, Chief Executive of Intueri, said: "We are looking forward to
    welcoming founder and CEO John Fiso and the NZIS and NZCM teams into the
    Intueri group. Together, these highly respected institutions enrol almost
    1,000 students each year and deliver engaging, quality-focussed programmes
    leading to successful employment outcomes."
    
    The acquisition will boost the number of Intueri students to more than
    12,000, with 11 colleges across Australasia and 65 different areas of study.
    
    -Ends-
    Contact:
    Rob Facer
    Chief Executive & Director
    +64 (0) 27 675 3538
    [email protected]
    
    Liane Clarke
    GM Marketing & Communications
    +64 (0) 27 444 2251
    [email protected]
    End CA:00274372 For:IQE    Type:ASSET      Time:2015-11-30 15:48:15
    				
 
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