Brief: Dxn Announces Sale Of Business Assets

Dxn

05/08/2022 02:18

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

Source text for Eikon:  ID:nASX1bTMtK 
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