DXN dxn limited
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News: DXN Dxn Announces Sale Of Business Assets

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    05/08/22
    11:20
    Post #: 62941624

    Aug 5 (Reuters) -

    • DXN LTD - SALE OF BUSINESS ASSETS OF DXN
    • DXN LTD - ALL BUSINESS ASSETS AND SUBSIDIARIES OF DXN TO BE SOLD TO FLOW2EDGE AUSTRALIA FOR A$26 MILLION IN CASH
    • DXN LTD - CAPITAL RAISING TO BE UNDERTAKEN TO PROVIDE WORKING CAPITAL THROUGH TO COMPLETION OF TRANSACTION
    • DXN LTD - DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
    • DXN LTD - NET CASH PROCEEDS FOLLOWING SALE WILL BE DISTRIBUTED TO SHAREHOLDERS
    • DXN LTD - DISTRIBUTION CURRENTLY ESTIMATED TO BE IN RANGE OF A$0.011 - A$0.013 PER SHARE
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