Agreement To Divest Centres And Trading Update

G8 Education

26/10/2023 02:15

Oct 26 (Reuters) - G8 Education Ltd  GEM.AX :
    * AGREEMENT TO DIVEST CENTRES AND TRADING UPDATE
    * SIGNING OF A CONDITIONAL AGREEMENT TO SELL 31 OF ITS
CENTRES TO
TAK OPERATIONS PTY LTD
    * COMPLETION OF DIVESTMENT OF CENTRES TARGETED TO OCCUR IN
MID TO
LATE DEC 2023 OR  EARLY 2024
    * IN AGREEMENT, G8 WILL MAKE PAYMENT TO GENIUS EDUCATION
GROUP
WHICH COMBINED WITH TRANSACTION COSTS AND ADJUSTMENTS, TOTALS
A$26.5 MILLION

Source text for Eikon:  ID:nASX4kYz2c 
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