PERTH: Babylon Pump & Power Limited has entered into an unconditional agreement for the acquisition of assets from Tilbrook Ryder Investments Company Pty Ltd. The transaction is expected to complete on 1 October 2020 and will be funded by a cash payment of $750,000 from existing asset finance facilities and issuance of 7,142,856 fully paid…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
United Networks Limited (UNL) completes sixth acquisition in a Year
PERTH: United Networks Limited (UNL) has acquired Red Telecom Pty Ltd Business, a telecommunications service provider, increasing its recurring revenue and completing its 6th acquisition in 11 months. Benefits of the Acquisition: ●Increases annualised recurring revenue by $1.4M ●Increases average GP across all services in the business ●Streamlines operational efficiencies from the increase in scale…
Tony Pitt, CEO 360 Capital, to join Evans Dixon Board
SYDNEY: Evans Dixon Limited has invited Tony Pitt to join the Board given the commitment 360 Capital Group has shown in acquiring a 19.55% interest in the Company. Subject to shareholder approval, Mr. Pitt will become a non-executive director at the conclusion of the Company’s 2020 Annual General Meeting on Wednesday 11 November 2020. The Company also announces…
Daniel O’Halloran appointed as Chief Executive Officer of TYMLEZ Group
PERTH: TYMLEZ Group Limited has announced the appointment of company director Daniel O’Halloran as Chief Executive Officer. Daniel was appointed to the TYMLEZ Board in April 2020, he is an experienced Board Member, Energy Industry Executive and Investor, with more than 13 years’ experience consulting in the transmission power grid sector. As founder and CEO…
Mitsui & Co. signs strategic alliance agreement with SRJ Technologies
PERTH: SRJ Technologies has signed a non-binding Strategic Alliance Agreement (SAA) with Mitsui & Co. (Australia) Ltd, a news release said. The deal provides for SRJ and Mitsui to work together to cross promote their products across each other’s networks. For SRJ, it provides a qualified pathway to promote its range of engineering services and…
Emriya to help commercialise and regulatory acceptance of Zelira’s medicinal cannabis products
PERTH: Emyria Limited has signed an agreement with Zelira Therapeutics to collect data from patients treated with insomnia drug Zenivol through Emyria’s specialist clinical services. Zelira is Perth-based company specialising in the development of cannabinoid-based medicines for the treatment of a variety of medical conditions including insomnia, autism and chronic non-cancer pain. Under the partnership,…
YPB Group signs master services agreement for Indian market
PERTH, AUSTRALIA: YPB Group Limited has signed a non-exclusive Master Services Agreement (MSA) with India’s Optimum Interface Consulting (OIC) which provides investigative and risk mitigation services including the provision of anti-counterfeit technology solutions, a news release said. OIC works with a large number of Fortune 500 companies in the pharmaceutical, electrical, IT, automotive, finance, export…
Novatti launches Digital Payments Accelerator, an extension of its Visa Issuing program
MELBOURNE: Digital banking services and payments company, Novatti Group Limited, has launched the Digital Payments Accelerator. The Digital Payments Accelerator extends Novatti’s Visa Issuing white label programs to meet the needs of: ▪Startups and innovators to bring their innovative fintech and financial products to market quicker, and to test their products in a controlled way…
Jumbo Interactive to power Lotterywest’s online platform
PERTH: Jumbo Interactive Limited’s subsidiary TMS Global Services has signed a binding Term Sheet with Lotterywest, the WA state government-owned and operated lottery of Western Australia, to negotiate and enter into a detailed Agreement to provide its online software platform and services for up to the next 10 years. Jumbo will provide a “Powered by…
WAM Capital bids for Contango Income Generator Limited
SYDNEY: WAM Capital Limited has announced a conditional off-market takeover bid for Contango Income Generator Limited. The offer consideration is 1 WAM Share for every 3 CIE Shares. This represents a premium of 17.6% to CIE’s 25 September 2020 share price, 18.1% to CIE’s one-month volume-weighted average price (VWAP) and a premium to CIE’s reported…
Piedmont Lithium signs SC6 sales agreement with Tesla
PERTH: Piedmont Lithium Limited has entered into a binding agreement with Tesla Inc. (Tesla) for the supply of spodumene concentrate (SC6) from Piedmont’s North Carolina deposit to Tesla, a news release said. The agreement is for an initial five-year term on a fixed-price binding purchase commitment from the delivery of first product, and may be…
Warrego and Alcoa sign large scale, long term gas sales agreement
PERTH: Warrego Energy Limited (WGO) has signed a binding Gas Sales Agreement (GSA) with Alcoa of Australia Limited, for the long term supply of a total of 155 petajoules (PJ) of natural gas from the West Erregulla gas field. The GSA will commence on January 01, 2024, subject to a positive project Final Investment Decision…