FCG 0.00% 14.5¢ freedom care group holdings limited

Feb 22 (Reuters) - Frontier Capital Group Ltd (FCG) : Status -...

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    Feb 22 (Reuters) - Frontier Capital Group Ltd (FCG) :

    • Status - mongolian national lottery acquisition
    • Received notice from the vendor that a number of the conditions precedent will not be satisfied within the period provided for in the agreement
    • Agreement provides that the conditions precedent cannot be waived and the company and the vendor have agreed that the agreement be terminated
    • Company has advanced A$1.5 million toward the cash consideration
    • The termination will be effective upon receipt of A$1.5 million from the vendor
    • "Directors are reviewing the company's investment portfolio in order to align it to the direction of gaming and hospitality"

 
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