19 December 2017
STERLING FIRST (AUST) LIMITED
ANNOUNCEMENT
Rental Management Australia (RMA)
Sterling First (Aust) Limited (Sterling) is pleased to announce the contracting of its first significant rent roll, more than 1,000 rental managements, in Victoria. Although the contract is still subject to several conditions, Sterling is confident the sale will be finalised in March 2018. This acquisition will provide Sterling both with an additional office in Melbourne and a substantial base for expanding Sterling New Life (SNL) in Victoria.
In Western Australia (WA), Sterling has purchased 3 rent rolls in 2017, with further acquisitions looking to be finalised over the coming months. Once this round of acquisitions is complete, RMA's portfolio will cover more than 3,000 rental managements across WA, Victoria and Queensland.
Sterling New Life (SNL)
Sterling New Life has just enjoyed its strongest month on record with 16 new reservations and 6 settlements in November. In the same month promotional activity included 'Have-a-Go Expo' at Burswood, where sales staff received a whopping 400 enquiries for further information. Notably, new enquiries are now outstripping supply.
Change of Share Registry
You will receive an email over the next couple of days advising of a change of registry service to Link Market Services Limited. The email will give you all the information you need to be able to log into your account and view details about your shareholding.
Sterling Listing
The historical audit process is drawing to an end, but with Christmas looming, CPS Capital, has advised management to hold over Sterling's Prospectus until after the Christmas break. As part of the process, we will be holding our Annual General Meeting in the new year, for which you will receive a Notice of Meeting in due course. Consequently, Sterling shares are not slated to list until sometime
after 26 January (Australia Day). We look forward to our debut on the ASX.
