Aug 31 (Reuters) - AGL Energy Ltd (AGL) : AMAYSIM AUSTRALIA LTD...

Aug 31 (Reuters) - AGL Energy Ltd (AGL) :

• AMAYSIM AUSTRALIA LTD - ENTERED INTO A BINDING SHARE SALE AGREEMENT (SSA) FOR SALE OF AMAYSIM'S ENERGY BUSINESS
• AMAYSIM AUSTRALIA LTD - DEAL FOR ALL-CASH CONSIDERATION OF $115.0 MILLION.
• AMAYSIM AUSTRALIA LTD - DIVESTMENT TO AGL ENERGY LIMITED
• AMAYSIM AUSTRALIA LTD - UNDER SSA, CO WILL SELL ALL OF ISSUED SHARE CAPITAL IN CLICK ENERGY GROUP HOLDINGS TO AGL
• AMAYSIM AUSTRALIA LTD - ENERGY DIVESTMENT IS EXPECTED TO COMPLETE ON OR AROUND 30 SEPTEMBER
• AMAYSIM AUSTRALIA- PROCEEDS OF $115.0 MILLION FROM DIVESTMENT WILL BE USED TO REPAY $53.05 MILLION OF DEBT IN LINE WITH AGREEMENTS WITH AMAYSIM’S LENDERS
• AMAYSIM AUSTRALIA- COMPANY’S CASH POSITION IS EXPECTED TO INCREASE BY AT LEAST $50 MILLION AS A RESULT OF THE ENERGY DIVESTMENT