For personal use only ASX ANNOUNCEMENT 27 March 2014 ADG Announces New Strategic Placement ADG Global Supply (ASX: ADQ) is pleased to announce a single placement of 28,500,000 fully paid ordinary shares in ADQ. The placement will be to Speedmark Australia Pty Ltd who is 80% owned by Dos Equis Pty Ltd, already an owner of a 4.9% equity stake in ADQ. Dos Equis Pty Ltd is a private investment vehicle with interests in various businesses across logistics and shipping services. The capital raising will assist the Company with current working capital requirements. Additionally, the investment by the Speedmark Australia Pty Ltd / Dos Equis Pty Ltd group brings a new strategic partner to ADG Global Supply. Commenting on the capital raising, ADG Managing Director John Mancini said, “The Board adopted the single placement based on synergies and key growth opportunities between ADG and Speedmark Australia Pty Ltd. Speedmark Australia Pty Ltd is the Australian partner of the international freight forwarding and customs brokerage network, Speedmark Transportation. Pleasingly, as an investor who understands the industry in which ADG operates, their support serves to validate our current strategy to develop our industrial products offer and delivery capability as part of a total integrated supply solution.” The Placement consists of 28.5 million fully paid ordinary shares in the Company at an issue price of $0.01 per share. For more information contact John Mancini Managing Director +61 8 9329 5900 [email protected] Joanne Stewart Communications Manager +61 8 9329 5900 [email protected] About ADG Global Supply ADG Global Supply (ASX:ADQ) is an industrial products, global procurement and supply chain services company. Headquartered in Perth, Western Australia, ADG services clients in over 50 countries around the world. In the 2013 FY, ADG generated sales of A$79m. About Speedmark: Speedmark Australia Pty Ltd is the Australian partner of Speedmark Transportation, an international freight forwarding and customs brokerage network. Speedmark has a strong position in Asian markets and a global network of offices. In 2009 Speedmark Australia established offices in Sydney, Melbourne and Brisbane. Speedmark are currently looking at establishing a Perth office within the next few months.
© Copyright 2018 ExploreDoc