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ASX300 News Digest

26 May 2017

17:47 | GUD

GUD Holdings Enters into Agreement to Sell Dexion Business

GUD Holdings announced that it has entered into an agreement to sell the Dexion warehouse racking products and systems business to Tech-Link Storage Engineering for net proceeds of...

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12:53 | TEN

Ten Network Holdings Responds to Price Query

Ten Network Holdings responded to Price Query stating the Company not aware of any information which, if known, could be an explanation for the recent trading in its securities. The...

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12:40 | MNS

Magnis Resources Provides Townsville Lithium-ion Battery Plant Update

Magnis Resources provided an update on the proposed Townsville Lithium-ion Battery Gigafactory. In recent weeks, meetings have taken place with senior officials of Townsville City...

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09:43 | FAR

Far Announces Spud of the FAN South-1 Deepwater Exploration Well

FAR announced that the Company and the Senegal JV has commenced drilling the FAN South-1 exploration well into the South Fan prospect. The well is the first pure exploration well to...

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09:41 | SHV

Select Harvests Announces Crop Downgrade

Select Harvests received 98% of its 2017 almond crop at its Carina West Processing Facility and has processed 60% of the crop. Based on actual yields, the crop estimate has been...

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09:35 | TLS

Telstra Corporation Announces ACCC Finalises Regulation of Non-NBN High-Speed Internet

Telstra Corporation announced ACCC finalizes regulation of non-NBN high-speed internet. The Australian Competition and Consumer Commission has finalised its decision on the...

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09:09 | TCL

Transurban Group Announces Westlink M7 US Private Placement

Transurban Group announced that Westlink M7 (M7) has priced A$100m of fixed rate 12-year, and A$100m of fixed rate 15-year, senior secured notes (the Notes). M7 forms part of the...

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09:02 | GHC

Generation Healthcare REIT Announces NorthWest Acquires More Than 50% Interest

Generation Healthcare REIT noted that NorthWest Australia announces that it has achieved a 50.25% majority stake in the Company as at close of trade on 25 May 2017. NorthWest...

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08:47 | CYB

CYBG Issues Publication of Base Prospectus

CYBG issued publication of base prospectus. This Base Prospectus has been approved by the UK Financial Conduct Authority (the FCA) under Part VI of the Financial Services and...

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08:47 | CYB

CYBG Issues Publication of Base Prospectus

CYBG issued publication of base prospectus. The Base Prospectus has been made available in an electronic form. It reminded that documents transmitted via this medium may be altered...

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25 May 2017

18:18 | TGA

Thorn Group Provides FY17 Results Presentation

Thorn Group provided results for the year ended 31 March 2017, reporting revenue up by 3% to $299m and NPAT up by 26% to $25.3m. The Company announced fully franked final dividend...

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17:50 | SPO

Spotless Group Holdings Advises on Class Action Proceeding

Spotless Group Holdings (Spotless) advised that the Company has been informed on 25 May 2017 that a representative proceeding against Spotless has been filed in the Federal Court of...

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16:48 | GOR

Gold Road Resources Announces Attila Open Pit Resource Increases by 100,000 Oz

Gold Road Resources announced the completion of an update to the Attila Open Pit Mineral Resource estimate in accordance with the 2012 JORC Code. The Attila Deposit is located on...

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16:27 | AHY

Asaleo Care Announces Sale and Leaseback of Springvale Site

Asaleo Care advised that it has entered into a Sale and Leaseback transaction for its Springvale manufacturing site. The particulars of the transaction are: Gross sale proceeds...

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16:12 | MYS

Mystate Announces $400m 2017-1 RMBS Oversubscribed and Prices Tighter than Initial Guidance

Mystate announced that strong investor demand for its CONQUEST Series 2017-1 $400m RMBS has resulted in tighter pricing for the transaction. The senior tranches of notes have...

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09:58 | ABC

Adelaide Brighton Provides AGM Addresses Presentation

Adelaide Brighton continued to maintain a balance sheet while at the same time retaining the flexibility to fund acquisitions and other growth initiatives. When the Board determines...

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09:57 | CNU

Chorus Amends Syndicated Bank Facility

Chorus announced that it has entered into amendments to its committed bank facility, providing additional financial flexibility and funding certainty. The amended $350m facility is...

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09:25 | RMD

ResMed Provides Conflict Minerals Report

ResMed prepared this conflict minerals report for the reporting period from January 1, 2016 through December 31, 2016 to comply with Exchange Act Rule 13p-1 (rule). During calendar...

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09:11 | SPO

Spotless Group Holdings Demonstrates Positive Momentum

Spotless Group Holdings released an investor update outlining the positive momentum of the business and highlighting the reasons the Board is recommending shareholders reject the...

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08:37 | ANN

Ansell Announces Buy Back - Appendix 3C

Ansell announced an on-market buy-back of up to US$265m, or 14.75m shares of outstanding shares as allowed for capital management purposes. The buy-back will commence 12 months on 8...

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08:37 | ANN

Ansell Announces Sale of Sexual Wellness and Share Buy Back

Ansell announced that it has executed a binding agreement for the sale of its Sexual Wellness (SW) business for US$600m to Humanwell Healthcare and CITIC Capital China Partners III....

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08:27 | ALL

Aristocrat Leisure Reports NPAT Up 56.91% to $249.6m for Half-Year to 31 March 2017

Aristocrat Leisure reported NPAT up 56.91% to $249.6m for the half-year ended 31 March 2017. Revenue from ordinary activities were $1,228.2m, up 21.6% from last year. Basic and...

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08:26 | INM

Iron Mountain Incorporated Announces Q2 2017 Dividend

Iron Mountain Incorporated announced the storage and information management Company, declared a cash dividend of USD $0.55 per share on the common stock and Chess Depository...

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08:26 | GXY

Galaxy Resources Provides Mt Cattlin Sales Update

Galaxy Resources announced the conclusion of 2016 contract offtake supply obligations. The MV T Prime set sail from Port of Esperance on 1 May 2017 containing 16,973 wet metric...

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08:24 | AHG

Automotive Holdings Group Provides FY2017 Trading Update

Automotive Holdings Group announced that following a review of its recent trading results and outlook the Company expects to deliver a full year 2017 Operating profit after tax in...

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08:06 | WBC

Westpac Banking Corporation Completes BTIM Institutional Offer

Westpac Banking Corporation noted that Westpac Group announced the successful completion of the institutional book build for the sale of 60m shares in BT Investment Management...

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07:47 | AMP

AMP Provides Update on Growth Strategy

AMP provided an update on its group strategy and growth opportunities at its Investor Strategy Day, being held in Sydney. The strategy will direct investment towards higher-growth...

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24 May 2017

18:28 | MYR

Myer Holdings Announces TOPSHOP Looks to Restructure Australian Operations

Myer Holdings on 24 May 2017 acknowledged that Austradia Pty, the Australian franchisee of TOPSHOP TOPMAN has appointed administrators Ferrier Hodgson. The Company holds a 20%...

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16:45 | WBC

Westpac Banking Corporation Announces BT Investment Management Institutional Offer

Westpac Banking Corporation (Westpac) announced a fully-underwritten offer of 60m shares (19% of BTIM's shares on issue) to institutional investors domiciled in Australia and other...

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14:28 | SRX

Sirtex Medical Announces Appointment of Mr Andrew McLean as CEO

Sirtex Medical announced the appointment of Mr Andrew McLean as CEO, effective 5 June, 2017. This follows a comprehensive global search that considered internal and external...

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13:30 | IMF

IMF Bentham Advises on New USA Funding Agreement - USF Case 5

IMF Bentham announced that its United States investment vehicle, Bentham IMF 1 LLC (Bentham IMF 1) has agreed to fund a further matter in the US. This new matter number USF5...

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10:51 | WSA

Western Areas Announces Equity Accounting Change to Increase FY2017 Earnings

Western Areas announced that a A$13.3m increase in post-tax FY2017 earnings is expected as a result of discontinuing to equity account the Company's investment in Bluejay Mining Plc...

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10:24 | AHG

Automotive Holdings Group Acquires Carlins Auction Group

Automotive Holdings Group acquired a majority stake in the Carlins Auction Group business to establish a national platform to allow it to expand the existing Carlins vehicle...

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09:38 | GTY

Gateway Lifestyle Group Responds to Media Speculation

Gateway Lifestyle Group responded recent media reports suggesting possible corporate activity involving the Group. While it is its policy not to comment on rumour or speculation, it...

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09:36 | GEM

G8 Education Reinstates to Official Quotation

The securities of G8 Education will be reinstated to official quotation immediately, following the Companyamp;#146;s announcement regarding completion of its capital raising.

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09:36 | GEM

G8 Education Announces Placement Completion

G8 Education announced the successful completion of the fully underwritten institutional placement (Institutional Placement) to raise $100m announced on 23 May 2017. The...

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09:07 | ILU

Iluka Resources Announces Zircon Reference Price Increase

Iluka Resources advised that it has announced an increase in its Zircon Reference Price of US$130/t to US$1,100 effective from 1 July 2017. Given the materiality of the price...

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08:41 | SIG

Sigma Healthcare Provides Trading Update

Sigma Healthcare announced that it has been in ongoing discussions in relation to the operation of certain aspects of the current Supply Agreement with the My Chemist/Chemist...

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08:25 | AAD

Ardent Leisure Group Announces Board Representation Disclosure of Strategic Initiatives

Ardent Leisure Group noted that Ardent Leisure and Ardent Leisure Management in its capacity as responsible entity of the Ardent Leisure Trust announces that in early May 2016 it...

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08:25 | PRG

Programmed Maintenance Services Announces Dividend

Programmed Maintenance Services announced a fully franked dividend of 3.5 cps for the period of six months ending 31 March 2017, with a record date of 7 July 2017 and a payment date...

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23 May 2017

17:40 | SPO

Spotless Group Holdings Issues Supplementary Target's Statement

Spotless Group Holdings issued Supplementary Target's Statement in response to the offer by Downer EDI Services Pty, a wholly owned subsidiary of Downer EDI to acquire all of the...

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17:20 | SPO

Spotless Group Holdings Announces Panel Accepts Undertakings

Spotless Group Holdings (Spotless) advised that the Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 3 May 2017 from Downer...

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14:54 | GMG

Goodman Group Announces Changes to its Capital Management Structure and Confirms Rating Upgrades

Goodman Group announced a number of changes to its capital management structure and confirmed rating upgrades. Key capital management highlights include: Improved credit rating from...

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14:08 | AVN

Aventus Retail Property Fund Announces 30 June 2017 Preliminary Valuations

Aventus Retail Property Fund announced the revaluation of the portfolio as at 30 June 2017 resulting in a $70m like for like overall uplift for the Portfolio. Five valuations were...

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13:18 | TCL

Transurban Group Announces Final Distribution for the Six Months Ending 30 June 2017 and AGM Date

Transurban Group announced that final distribution totalling 26.5c per stapled security will be paid for the six months ending 30 June 2017. This will be made up of a 23.0c...

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13:18 | TCL

Transurban Group Announces Final Distribution for the Six Months Ending 30 June 2017 and AGM Date

Transurban Group announced that final distribution totalling 26.5c per stapled security will be paid for the six months ending 30 June 2017. This will be made up of a 23.0c...

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11:25 | ASB

Austal Announces Littoral Combat Ship 12 Completes Acceptance Trials

Austal announced that the Independence variant Littoral Combat Ship 12 (LCS 12), the future USS Omaha, has successfully completed United States Navy (USN) acceptance trials. Omaha...

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09:56 | OFX

OFX Group Announces Full Year Result for the Financial Year 31 March 2017

OFX Group announced its full year results for the financial year ended 31 March 2017, reflecting growth in active clients and transaction volumes with good momentum in the US, but...

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09:41 | DXS

Dexus Prop Announces Sale of Remaining FY2017 Trading Property

Dexus Prop announced that it has conditionally exchanged contracts to sell 105 Phillip Street, Parramatta. The property has been sold for $229m to a Charter Hall JV at an implied...

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09:32 | PRY

Primary Health Care Announces Appointment of Acting CEO

Primary Health Care announced that Mr Peter Gregg will step down as MD and CEO and Mr Malcolm Ashcroft, the Chief Financial Officer, will be appointed Acting CEO. Mr Ashcroft will...

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09:02 | SEK

SEEK Announces Financial Information for Q3 FY2017 for Zhaopin

SEEK announced that its subsidiary, Zhaopin has released its unaudited financial results for the quarter ended 31 March 2017. In which it reported 30% increase in revenue for March...

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09:02 | TNE

Technology One Announces Dividend

Technology One announced 75% franked and 25% unfranked dividend of 26c per share relates to a period of six months ending 31 March 2017, with a record date of 2 June 2017 and a...

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08:56 | TNE

Technology One Announces Half Year Profit Results for 2017

Technology One announced Half Year Profit Results for 2017. The Company reported that Cloud Service fees continued to grow, with Annual Contract Value (ACV) $19.9 m up from $10.3m,...

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08:56 | TNE

Technology One Reports NPAT Up 9.56% to $8.05m for Half-Year to 31 March 2017

Technology One reported NPAT up 9.56% to $8.05m for the half-year ended 31 March 2017. Revenue from ordinary activities were $113.94m, up 12.85% from last year. Diluted EPS was 2.49...

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08:40 | MYS

MyState Announces Consolidation of Core Banking System

MyState announced that it has consolidated its banking platforms into a single, contemporary core banking system serving both the Company and The Rock. The Company has embarked on a...

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08:31 | CTX

Caltex Australia Provides Refiner Margin Update for April 2017

Caltex Australia provided refiner margin update for April 2017. The April 2017 unlagged CRM was US$15.74/bbl. The unlagged Singapore Weighted Average Margin was US$13.64/bbl. Higher...

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08:25 | BLA

Blue Sky Alternative Investments Exits HPS

Blue Sky Alternative Investments announced that its private equity division has signed an agreement to sell its investment in HPS to EBOS Group for a total purchase price of A$154m....

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08:23 | RIO

Rio Tinto Launches New Debt Reduction Programme

Rio Tinto launched new debt reduction programme for up to $2.5bn. Under the plan, the Company has issued a redemption notice for $1.72bn of its 2019 and 2020 US dollar-denominated...

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08:00 | NAB

National Australia Bank Notes Debt Credit Rating Revision

National Australia Bank noted that, Samp;P Global Ratings (Samp;P) left the ratings of the four major Australian banks unchanged at AA-/Negative/A-1+ (long term/outlook/short term)....

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07:31 | AIA

Auckland International Airport Provides Monthly Traffic Update for April 2017

Auckland International Airport provided monthly traffic update for April 2017. The Company's total international passenger numbers (excluding transits) increased by 15% to 861,292...

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22 May 2017

18:49 | ANZ

Australia & New Zealand Banking Group Provides Update on the Impact of the Australian Government's Proposed Bank Tax

Australia amp; New Zealand Banking Group advised on the estimated financial implications of the proposed tax on bank liabilities. The proposed enabling legislation has not yet been...

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17:36 | WBC

Westpac Banking Corporation Announces S&P Changes Australia's Banking Industry Country Risk Assessment

Westpac Banking Corporation advised on 22 May 2017 that Standard amp; Poor's (Samp;P) has lowered the stand alone credit profiles (SACP) of 23 financial institutions in Australia by...

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17:30 | NAB

National Australia Bank Provides Open Letter to Shareholders on Major Bank Tax

National Australia Bank advised about the major bank tax announced in the Federal Budget on 9 May 2017. The Company noted that based on what the Government has announced to date,...

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16:30 | CBA

Commonwealth Bank of Australia Advises on Estimated Impact of Bank Levy

Commonwealth Bank of Australia advised that the Company is sending an email communication on 22 May 2017 to shareholders outlining the estimated impact of the Federal Government's...

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16:03 | BOQ

Bank of Queensland Announces Standard & Poor's Lowers Long Term Credit Rating

Bank of Queensland acknowledges Standard amp; Poor's (Samp;P) decision to lower its long-term issuer credit rating to 'BBB+' from 'A-', as part of a downgrade of ratings on 23...

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15:15 | ANZ

Australia & New Zealand Banking Group Announces S&P Downgrades Australian Banking Industry Country Risk Assessment

Australia amp; NZ Banking Group advised on 22 May 2017 that Standard amp; Poor's (Samp;P) has lowered its assessment of the standalone credit profiles of almost all financial...

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10:59 | AWE

AWE Announces Commencement of Waitsia-3 Appraisal Well Drilling

AWE advised that the Waitsia-3 appraisal well commenced drilling operations on 19 May 2017. On 22 May 2017, the well was at 1,214 m Measured Depth below Rotary Table (MDRT) pulling...

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10:02 | SPO

Spotless Group Holdings Announces Extension of Downer's Offer

Spotless Group Holdings noted that Downer EDI (Downer) refers to its takeover offer through wholly-owned subsidiary Downer EDI Services for all of the issued shares in the Company...

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09:56 | IPH

IPH Announces Settlement of Callinans Second Earn-Out

IPH announced that the Callinans business acquired by its subsidiary Fisher Adams Kelly in November 2015 has achieved a second earn out payment of $1m based on earnings from key...

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09:41 | WBC

Westpac Banking Corporation Announces Impact of New Major Bank Tax

Westpac Banking Corporation updated the market on the new major bank budget deficit repair levy announced in the 2017 Federal Budget. Based on the Company's balance sheet at 31...

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09:12 | GHC

Generation Healthcare REIT Provides Target's Statement

Generation Healthcare REIT noted that this Target's Statement has been issued by APN Funds Management (as the responsible entity of the Company) in response to the off-market...

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09:06 | MNS

Magnis Resources Signs Joint Manufacturing Establishment Agreement

Magnis Resources announced the signing of a Joint Manufacturing Establishment Agreement for a 15GWh Lithium-ion battery facility in New York State. The agreement is supported by New...

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09:04 | VRL

Village Roadshow Announces Potential Sale of Stake in Golden Village Singapore

Village Roadshow confirmed that it is in discussions regarding the potential sale of its 50% stake in the Golden Village cinema exhibition business in Singapore.

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08:55 | AWC

Alumina Announces CEO Succession

Alumina advised that Mr Peter Wasow will retire as CEO and MD of the Company on 31 May 2017. Mr Mike Ferraro, currently a Director of the Company, will succeed Mr Wasow as CEO. Mike...

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19 May 2017

14:04 | SXL

Southern Cross Media Group Executes Agreement for Sale of NNSW TV Operations and Trading Update

Southern Cross Media Group announced that it has executed agreements on 19 May 2017, for sale of SCA's northern NSW (NNSW) television assets and operations to the WIN Television...

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13:13 | CIP

Centuria Industrial REIT Announces Successful Refinancing of CIP Debt Facilities

Centuria Property Funds No.2 (CPF2L) as Responsible Entity of the Centuria Industrial REIT (CIP) has completed the refinancing of its existing $420m bank debt. CIP has entered into...

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12:10 | MOC

Mortgage Choice Delivers Record Growth Throughout Quarter 3

Mortgage Choice recorded interim financial results, that the Company has continued its positive momentum throughout Q3. In the six months to 31 December 2016, Net Profit After Tax,...

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09:54 | ORE

Orocobre Provides Update on Cash Receipts from Release of SBLC's

Orocobre provided an update on the receipt of VAT and release of additional cash security deposits in Australia which back Sales de Jujuy (SDJ) Argentine working capital facility....

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09:52 | OML

Oohmedia Provides Market Update

Oohmedia provided market update. The Company announced that the Scheme Implementation Deed between the Company and APN Outdoor Group has been terminated by mutual agreement, and the...

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09:08 | OML

Oohmedia Announces Proposed Merger with APN Outdoor Group will not Proceed

Oohmedia announced that the proposed merger with APN Outdoor Group (APO) has been terminated. The Australian Competition amp; Consumer Commission (ACCC) released a Statement of...

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09:02 | ORG

Origin Energy Lifts Asset Divestments to $1bn

Origin Energy announced that it has entered into an agreement with Jemena Gas Pipelines Holdings for the sale of Darling Downs Pipeline Network for $392m. The transaction lifts...

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08:49 | MNS

Magnis Resources Trading Halted, Pending Company Announcement

The securities of Magnis Resources will be placed in trading halt session state at the request of the Company, until the earlier of the commencement of normal trading on 23 May 2017...

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08:32 | GOR

Gold Road Resources Announces Gold Fields Pays 27% Premium to Increase Holding to 10%

Gold Road Resources announced that the Gold Fields has acquired 74.82m shares at $0.86 per share, a 27% premium to the Company's closing share price of $0.675 on 18 May 2017. Gold...

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08:23 | SYD

Sydney Airport Provides Traffic Performance for April 2017

Sydney Airport provided traffic performance for April 2017. Domestic and International load factors increased in April 2017 as compared to the pcp, demonstrating the strength of the...

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08:23 | INM

Iron Mountain Announces Debt Pricing

Iron Mountain announced that it has priced an offering by way of private placement of Euro 300m in aggregate principal amount of its 3.00% Euro Senior Notes due 2025 (the Notes)....

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08:23 | INM

Iron Mountain Announces Debt Offering

Iron Mountain announced an offering by way of private placement of Euro 300m in aggregate principal amount of Euro Senior Notes due 2025 (the Notes). The Notes will be fully and...

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18 May 2017

08:00 | JHX

James Hardie Reports NPAT Up 13.13% to $276.5m for the Year to 31 March 2017

James Hardie reported NPAT up 13.13% to $276.5m for the year ended 31 March 2017. Revenue from ordinary activities were $1,921.6m, up 11% from last year. Basic and Diluted EPS were...

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17 May 2017

08:26 | DLX

DuluxGroup Reports NPAT Up 14.18% to $72.71m for Half-Year to 31 March 2017

DuluxGroup reported NPAT up 14.18% to $72.71m for the half-year ended 31 March 2017. Revenue from ordinary activities were $881.17m, up 3.5% from last year. Diluted EPS was 18.7...

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16 May 2017

16:09 | CYB

CYBG Plc Reports NPAT Down 16.67% to $30m for the Half-Year to 31 March 2017

CYBG Plc reported NPAT down 16.67% to $30m for the half-year ended 31 March 2017. Revenue from ordinary activities were $534m. Basic and Diluted EPS were 3.4 cents compared to 4.09...

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08:32 | AST

AusNet Services Reports NPAT Down 47.86% to $255.1m for the Year to 31 March 2017

AusNet Services reported NPAT down 47.86% to $255.1m for the year ended 31 March 2017. Revenue from ordinary activities were $1,881.5m, down 2% from last year. Basic and Diluted EPS...

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08:23 | ORI

Orica Reports NPAT Up 31.01% to $195.2m for Half-Year to 31 March 2017

Orica reported NPAT up 31.01% to $195.2m for the half-year ended 31 March 2017. Revenue from ordinary activities were $2,437.4m, down 4.5% from last year. Diluted EPS was 51.8 cents...

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11 May 2017

08:30 | BTT

BT Investment Mgmt Reports NPAT Up 0.91% to $78.98m for Half-Year to 31 March 2017

BT Investment Mgmt reported NPAT up 0.91% to $78.98m for the half-year ended 31 March 2017. Revenue from ordinary activities were $246.35m, down 14.14% from last year. Diluted EPS...

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