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Sapphire Corporation Ltd Announces Proposed Acquisition Of Mancala Holdings Pty Ltd

Wednesday, 9 Oct 2013 07:24am EDT 

Sapphire Corporation Ltd announced that it has entered into a conditional sale and purchase agreement dated October 9, 2013 with Martin Kyne Consultants Pty Ltd (as the trustee of Kyne Family Trust) (the Kyne Trustee), Skanworth Pty Ltd (as the trustee of Lannen Family Trust) (the Lannen Trustee), Timothy Edwin Akerman (as the trustee of Akerman Elliot Family Trust) (the Akerman Trustee), Mr. Martin Kyne, Mr. Francis William Lannen, Mr. Timothy Edwin Akerman (in their individual capacity) and Mancala Holdings Pty Ltd. The Company has agreed to acquire all the shares in the capital of Mancala (the Sale Shares) from the Kyne Trustee, the Lannen Trustee and the Akerman Trustee (collectively, the Vendors) for the aggregate consideration of up to AUD15,000,000. 

Company Quote

-0.0040 -5.06%
27 Aug 2014