Trading Halt Request
Download the PDFPreparing the document viewer…
Read the announcement as text
ASX MARKET RELEASE
Request for Trading Halt
Ausnet Financial Services Limited (“Company”) (ASX: AU1) hereby makes application for a
trading halt of its securities, effective immediately, and provides the following information
in relation to Listing Rule 17.1:
• The Company makes the request pending the release of an announcement in regards
to an option to purchase agreement;
• The trading halt is to last until the Company releases an announcement, which will
be no later than Tuesday, 24 January 2017; and
• The Company is not aware of any reason why the trading halt should not be granted.
For and on behalf of Ausnet Financial Services Limited
Stuart Usher
Company Secretary
About Ausnet
Ausnet consists of a group of successful businesses which deliver finance broking, real
estate services, settlement services, property management (2017), project marketing,
insurance and financial planning initially to the Western Australian market with an aim to be
rolled out nationally.
This model has been created to build the core asset being a loan book currently at ~$1.1
billion by cross referring clients between business units. The largest growing referral area
has been built on a highly successful and disruptive real estate agency model named “The
Agency” which currently has 30 agents. The agents have been referring ~60% of all sales for
financing broking.
Ausnet is aiming to recruit ~100 sales representatives to “The Agency” in Western Australia
that will eventually deliver over 1000 property transactions per year with the aim of
converting into cross sales for mortgages, settlements and insurance. Each sales
representative that joins Ausnet not only add sales activities but also on average bring in a
database of ~2000 clients. Ausnet’s target is to have ~600 sales representatives nationally.
The Company is also backed by Finsure Group, one of Australia's fastest growing retail
finance brokerages writing over $1 billion in new mortgages every month across 850
brokers.
Ausnet Financial Services Ltd 254 Scarborough Beach Road, Doubleview WA 6018 PO Box 1184, Osborne Park WA 6916
Tel: (08) 9204 7955 Fax: (08) 9204 7956 ABN: 37 093 805 675
For more information, please contact:
Investors Media
Ausnet Financial Services Ltd Professional Public Relations
Paul Niardone David Tasker / Colin Jacoby
T: +61 08 9204 7955 T: +61 08 9388 0944
paul@ausnetrealestate.com.au david.tasker@ppr.com.au
colin.jacoby@ppr.com.au
Ausnet Financial Services Ltd 254 Scarborough Beach Road, Doubleview WA 6018 PO Box 1184, Osborne Park WA 6916
Tel: (08) 9204 7955 Fax: (08) 9204 7956 ABN: 37 093 805 675