Brief: Link Administration Announces Sale of 10% Of Its Stake In Pexa

PEXA

18/11/2022 05:38

Nov 18 (Reuters) - Link Administration Holdings Ltd
 LNK.AX :
    * TO SELL ABOUT 10% OF EXISTING 42.77% STAKE IN PEXA AT
A$13.50/SHARE
    * LINK GROUP WILL USE THE PROCEEDS OF THE PEXA SELLDOWN TO
REPAY
BORROWINGS
    * FOLLOWING SELLDOWN, PROPOSES TO PROCEED WITH IN-SPECIE
DISTRIBUTION OF REMAINDER OF PEXA SHARES TO LINK SHAREHOLDERS

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 ((Reuters.Briefs@thomsonreuters.com;))