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Experience Co Limited (ASX:EXP)

ALERT: Price-sensitive ASX Announcement for EXP
Current share price for EXP : $0.090 -0.003 (-3.23%)+
Announcement
Release
1 May 2026 6:54PM
Price at Release
$0.093
Full Release
download
Summary
Experience Co Limited announced the successful completion of the sale of Wild Bush Luxury to Intrepid Travel on 1 May 2026. This divestment includes key properties such as Arkaba Homestead and Walk in South Australia, Bamurru Plains in Northern Territory, and The Maria Island Walk in Tasmania, along with development rights in New South Wales and Tasmania. The transaction was completed for $5.1 million in cash, with estimated net proceeds of approximately $3.4 million, which Experience Co intends to use to reduce corporate debt. The sale was finalized following the fulfillment of conditions set in the Share Purchase Agreement. CEO John O’Sullivan expressed satisfaction with reaching this milestone and thanked the Wild Bush Luxury team for their contributions.
Key Points
  • Completion of Wild Bush Luxury sale to Intrepid Travel
  • Key properties included in the sale: Arkaba Homestead, Bamurru Plains, The Maria Island Walk
  • Cash consideration of $5.1 million, net proceeds estimated at $3.4 million
  • Proceeds to be used for paying down corporate debt
  • Sale follows condition precedents set in the Share Purchase Agreement
  • CEO John O’Sullivan acknowledges Wild Bush Luxury team's contributions
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.