Top Level financing at advanced stage

ASX MARKET RELEASE 13 August 2018 Top Level financing at advanced stage – financing Condition Precedent extended The Agency Group Australia (ASX: AU1) (“The Agency” or “the Company”) wishes to advise that financing associated with its proposed acquisition of high growth east coast real estate firm Top Level Real Estate Pty Ltd (“Top Level”), by its wholly owned subsidiary Ausnet Real Estate Services Pty Ltd, is at an advanced stage.
Given the advanced state of these discussions and the strong commitment to the transaction from the Company and Top Level, both companies, and the major shareholders of Top Level, have entered into a Deed of Variation (Deed) which extends the Condition Precedent associated with the proposed A$10 million capital raising, until 11 October 2018.
This is in line with all other Conditions Precedent to the proposed transaction under the Amended and restated Option Agreement (ASX announcement dated 12 February 2018).
“With the finalising at an advanced stage, which is a key aspect of the Top Level transaction, the Company is now finalising discussions with the ASX regarding the most optimal transactional structure to maximise value for AU1 shareholders from the proposed acquisition,” said The Agency Managing Director, Mr. Paul Niardone.
If you require further information, please contact:
Investors
The Agency Australia Ltd Paul Niardone T: +61 08 9204 7955
Media
Chapter One Advisors David Tasker / Colin Jacoby T: +61 433 112 936 / +61 439 980 359