SVT: Binding Sale Agreements signed with The Agency Group

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