Equities and Freeholds Limited (ASX: EQF / Company) would like to advise the market that it has executed a non-binding Term Sheet relating to the proposed acquisition of 100% of the outstanding capital of Armytage Asset Management Ltd. The transaction is conditional upon successful completion of due diligence and obtaining shareholder approval at a General Meeting (GM) likely to be held in May 2012.
Ian Mcllwraith, March 15 2012
TIDDLER Equities & Freeholds, which is almost the old Treasury Group re-created, is another that recognises its future lies closer to the equator than it does with the ASX.
E&F is trying to run a funds management and distribution business here and in parts of Asia - but mostly offshore because the local market is now so dominated by half a dozen big banks and financial houses, and financial advisers are being run out of towns on rails for their commission-based businesses.
John Durie, March 10 - 11, 2012
Seperately, funds management legend Lee IaFrate is gathering his old Treasury team together with the appointment of Rodney Green to the Equities & Freeholds board.
Green was the chief investment officer at Perpetual prior to joining the old Treasury Group along with IOOF’s Tony Hodges, who is also on the board of E&F.
E&F managing director Campbell McComb and IaFrate are aiming to replicate past strategies taking stakes in small funds management firms, but this time with an Asian bias.
Equities and Freeholds Limited (ASX: EQF / Company) would like to advise the market of the proposed acquisition of Asia Pacific Investment Group Holdings Pty Limited, the proposed appointment of Mr. Rodney Green to the Board of the Company and the intention to raise up to $1.3 million at an issue price of $0.25. The Placement of up to 5.2m shares is less than 15% of EQF’s issued capital and therefore does not require shareholder approval under rule 7.1 of the ASX listing rules
The Board of Equities and Freeholds Ltd (ASX: EQF) is pleased to advise of the appointment of Mr. Campbell McComb to the position of Managing Director, effective 6 March 2012.