As announced on 9 November 2016, MGL has entered into a conditional agreement
to acquire 100% of the shares of Haden & Custance Limited. Due diligence is
progressing and, if satisfactory in all respects, MGL expects to settle the
acquisition within the next two weeks. If it proceeds, the acquisition is
expected to be funded by debt and a placement of new shares to a number of
new and existing shareholders, including some management and directors of
MGL.
MGL will update the market in relation to confirmation of due diligence and
the placement in due course.
For further information contact
Richard Rookes, CEO, 021 414 016
End CA:00293341 For:MGL Type:ASSET Time:2016-11-25 15:43:45