Total Coolants Acquisition Complete & Cleansing Statement
GENERAL
Tue, May 03 2022 11:59 am
ASX RELEASE
3 May 2022
Total Coolants Acquisition Complete & Cleansing Statement
DGL Group Limited (ASX:DGL) (NZX:DGC), is pleased to announce that it has completed the acquisition of Total Coolant Management Solutions Pty Ltd (Total Coolants), previously announced on 22 April 2022.
As part of the acquisition, DGL will today issue 74,189 fully paid ordinary shares to the vendors of Total Coolants as part consideration that are subject to twelve-months escrow from date of issue.
An Appendix 2A for the issue of the above shares follows this announcement.
Notice Under Section 708A
The Company gives notice relating to the issue of securities as identified below.
The above-mentioned shares were issued without disclosure to investors under Part 6D.2, in reliance on section 708A (5) of the Corporations Act.
The Company, as at the date of this notice, has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company and section 674 of the Corporations Act.
The Company has complied with the relevant provisions of Chapter 2M and Section 708A (7) and 708A (8) of the Corporations Act.
- ENDS -
Approved for release by the Board of DGL.
CONTACT
Barbara Furci
DGL Group Limited
+64 9 309 9254 or [email protected]
MEDIA ENQUIRIES
Aileen Bodart
Cannings Strategic Communications
+61 043 160 136 or [email protected]
Announcement PDF
Markets News
Markets
Market Close
Spark share collapse leads NZ sharemarket down
The S&P/NZX 50 Index closed down 0.99% or 127.78 points.
Markets
Spark valuation plummets $1 billion as profit crashes
Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...
