Brief: Thorn Group Says Entered Into Agreement For Sale Of Thorn's Asset Finance Portfolio

Resimac

20/06/2023 02:15

June 20 (Reuters) - Thorn Group Ltd  TGA.AX : 
    * HAS ENTERED INTO AGREEMENT WITH RESIMAC GROUP FOR SALE OF
THORN'S ASSET FINANCE PORTFOLIO
    * EXPECTS TO RECEIVE ESTIMATED A$15 MILLION CASH PROCEEDS
FROM
ASSET SALE
    * COMPLETION OF ASSET SALE CURRENTLY EXPECTED TO OCCUR
TOWARDS END
OF AUGUST
    * BOARD AIMS TO DISTRIBUTE CASH PROCEEDS OF ASSET SALE TO
SHAREHOLDERS

Source text for Eikon:  ID:nASXbgwsVQ 

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