Australia's Digital Wine Ventures gains on sale of National Distribution Centre
15/02/2022 04:07
** Wine distributor's shares DW8.AX climb as much as 10.8%
to A$0.041, set for their biggest pct gain since Jan. 14
** Co completes the sale and long term leaseback of co's
National Distribution Centre located on the outskirts of
Albury-Wodonga Victoria, consisting of a sizable warehouse
urn:newsml:reuters.com:*:nASX89x6yG
** Says funds totalling A$4.802 mln ($3.42 mln) have been
collected including a one-off capital gain of A$3.707 mln made
through the sale, strengthening DW8's cash runway
** Adds that the sale creates optionality to expand
warehousing capacity through the new landlord
** More than 8.07 mln shares change hands compared with the
30-day average volume of ~4.5 mln shares
** Stock down 24.5% as of last close, so far this year
($1 = 1.4029 Australian dollars)
(Reporting by Roushni Nair in Bengluru)
((Roushni.Nair@thomsonreuters.com;))