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BRIEF-Stream Group updates on liquidation of Stream Group Aust Pty Ltd

Published 15/04/2016, 03:31 pm
Updated 15/04/2016, 03:40 pm
© Reuters.  BRIEF-Stream Group updates on liquidation of Stream Group Aust Pty Ltd

April 15 (Reuters) - Stream Group Ltd SGO.AX :

* Says SGA is now in the process of being liquidated

* Liquidation of SGA has delayed audit of financial statements for 6 months to

31 December 2015 and consequently issuance of HY report

* SGO will undertake a rights issue to clear debts and leave the company

essentially debt free

* Estimate of the size of the required rights issue is in the range of $0.5-1.0

million

* SGO's only remaining active business units in Australia is Censeo Pty Ltd"

* Says are in the process of selling censeo to management by way of an MBO

* Source text for Eikon ID:nASX3mTx44

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