SVT: Binding Sale Agreements signed with The Agency Group
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ASX Announcement
15 February 2018
Binding Asset Sale Agreements signed with The Agency Group
ServTech Global Holdings Limited (ASX: SVT) (“ServTech” or “the Company”) has executed binding asset sale
agreements with The Agency Group Australia Limited (ASX:AU1) (“The Agency”). These agreements have been
executed between the Company’s subsidiaries (Sell Lease Property, Complete Settlements and Value Finance)
and wholly owned subsidiaries of The Agency. Under the agreements, The Agency’s subsidiaries will acquire
the assets of each of the Company’s subsidiaries.
These new agreements remove all conditions precedent to the previous agreement between ServTech and
The Agency under which ServTech was to receive up to $950,000 for the purchase of its real estate businesses.
This consideration amount is unchanged and is now only subject to The Agency’s subsidiary Vision Capital,
receiving a real estate agency licence from the Western Australian Department of Mines, Industry, Regulation
and Safety. The Agency expects to receive the licence imminently.
ENDS
Further information:
Bert Mondello
Chairman
ServTech Global Holdings Limited
Tel: +618 6380 2555
Efficient Services Effective Technology www.servtechglobal.com.au