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BRIEF-Avexa to acquire Tali Health

Published 12/10/2015, 11:21 am
Updated 12/10/2015, 11:29 am
© Reuters.  BRIEF-Avexa to acquire Tali Health
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Oct 12 (Reuters) - Avexa Ltd AVX.AX :

* Avexa to acquire Tali Health Pty Ltd

* Says Tali has been valued by agreement at $4.5 million

* Says entered into a binding implementation deed with Tali Health Pty Ltd

* Expected that Avexa will ask shareholders to approve consolidation of

existing Avexa ordinary shares on issue on a ratio of 20:1

* Deal to acquire all of the ordinary voting shares in Tali in exchange for the

issue to tali shareholders of fully paid ordinary shares in Avexa

* Says acquisition is to be funded by an all script offer of Avexa shares to

existing tali shareholders

* Source text for Eikon ID:nASX6X4zT2

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