AZZ 0.00% $7.50 antares energy limited

Ann: Response to ASX Aware Query, page-17

  1. 1,828 Posts.
    lightbulb Created with Sketch. 380
    - On or around 4 December 2015, the Company and Wade executed amendments to the Sale Agreements to:
    42.1 extend the completion date for the sale of the Assets to on or before 15 January 2016;
    42.2 provide the Company with the option to terminate the Sale Agreements at any time prior to 15 January 2016; and

    - On 17 December 2015, the Company engaged advisors to conduct a confidential sale process for the Assets to identify alternative purchasers.

    So I guess, the one adjustment I'd suggest to your points is that 2 weeks after the extension, they made it non-exclusive (clause to give AZZ the option to terminate and started a process to find another buyer).

    You're right about the other points though.
 
watchlist Created with Sketch. Add AZZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.