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Fleetwood Limited (ASX:FWD)

ALERT: Price-sensitive ASX Announcement for FWD
Current share price for FWD : $2.410 0.645 (36.54%)+
Announcement
Release
16 Jul 2026 8:36AM
Price at Release
$1.765
Full Release
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Summary
Fleetwood Limited has entered into a binding Asset Sale Agreement with Aussie Traveller Pty Ltd to sell its RV Solutions division, which includes the Camec business, for $9.5 million on a cash-free, debt-free basis. The company anticipates realizing approximately $7.8 million in net cash by FY27 and an additional $3.3 million in future as tax returns are finalized. Total restructuring costs ranging from $10 million to $12 million will be recognized across FY26 and FY27. The transaction is set for completion by 1 September 2026, with RV Solutions continuing to operate normally until then. This divestment is part of Fleetwood's strategy to focus on its core businesses in Community and Building Solutions. Fleetwood's dividend policy remains unchanged, with decisions on dividends and capital management to be made post-FY26.
Key Points
  • Fleetwood Limited sells RV Solutions division to Aussie Traveller.
  • Sale price for Camec business set at $9.5 million.
  • Fleetwood expects net cash realization of $7.8 million in FY27.
  • Restructuring costs projected between $10 million to $12 million.
  • Transaction completion expected by 1 September 2026.
  • Divestment aligns with focus on core businesses.
  • Dividend policy remains unchanged.
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.