Key Developments: Stokes Ltd (SKS.AX)

SKS.AX on Australia Stock Exchange

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9 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Stokes Ltd says acquires audio visual and telecommunications products business
Monday, 24 Aug 2015 12:33am EDT 

Stokes Ltd:Says Stokes acquires audio visual and telecommunications products business.Says the purchase price will be about $330,000 and is inclusive of stock.  Full Article

Stokes Ltd completes sale of service division
Wednesday, 22 Jul 2015 07:09pm EDT 

Stokes Ltd:Says on the 2nd June 2015 the company had entered into an agreement to sell its appliance services division for $65,000.Says the sale of this division has now been completed.  Full Article

Stokes Ltd sells appliance parts division for $5 million
Wednesday, 3 Jun 2015 07:25pm EDT 

Stokes Ltd:Says that it has entered into binding agreement to sell its appliance parts division that will net the company $5 million and mark its transformation from old world manufacturer to new world technology enterprise.  Full Article

Stokes Ltd closes $2.55 mln convertible note rights issue
Monday, 23 Jun 2014 10:00pm EDT 

Stokes Ltd:Says that it has closed its convertible note rights issue having successfully raised $2.55 million.As announced on June 19, 2014 the underwriter to the issue JM Financial Group Limited has now allocated the 1,744,335 shortfall convertible notes.The fully underwritten one for four non-renounceable convertible note rights issue was at an issue price of $0.35 per new convertible note to raise $2.55 million.Says the funds have been raised to expand the companies technologies division, reduce debt and provide working capital.  Full Article

Stokes Ltd announces rights issue
Wednesday, 18 Jun 2014 06:45pm EDT 

Stokes Ltd:Says that on May 26, 2014 it announced a non renounceable fully underwritten 1:4 rights issue of unsecured Convertible Notes.Says notes earning interest at 10 pct. p.a. at an issue price of $0.35 (35 cents) each to raise $2.55 million.Says that it has received valid applications for 5,543,485 new convertible notes equating to $1,940,220.Says the remaining shortfall of 1,744,335 convertible notes or $609,780 has been notified to JM Financial Group Ltd the underwriter to the rights issue and will be allocated shortly.Says the issue date for new convertible notes will be the June 23, 2014.  Full Article

Stokes Ltd updates on non-renounceable rights issue of notes
Tuesday, 27 May 2014 09:31pm EDT 

Stokes Ltd:Non-renounceable fully underwritten 1:4 rights issue of unsecured convertible notes, earning interest at 10 pct p.a. at an issue price of A$0.35 (35 cents) each to raise A$2.55 mln.Convertible into shares or redeemable for cash in June 2017.Conversion of convertible notes into shares, each noteholder will also be entitled to receive one additional A$0.35 option for every 2 new shares issued.Rights issue is fully underwritten by JM Financial Group Ltd.  Full Article

Stokes Ltd announces non-renounceable rights issue
Monday, 26 May 2014 03:40am EDT 

Stokes Ltd:Non-renounceable fully underwritten 1:4 Rights issue of unsecured convertible notes, earning interest at 10 pct p.a. at an issue price of A$0.35 (35 cents) each to raise $2.55 mln.  Full Article

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