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PPK Group Limited (ASX:PPK)

ALERT: Price-sensitive ASX Announcement for PPK
Current share price for PPK : $0.380 0.065 (20.63%)+
Announcement
Release
20 Apr 2026 8:29AM
Price at Release
$0.315
Full Release
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Summary
PPK Group Limited has announced a binding, conditional share sale and purchase agreement with Mehler Vario Systems GmbH regarding its 39.85% interest in Craig International Ballistics Pty Ltd. The transaction could yield total proceeds up to A$33.43 million, including a headline purchase price and potential earn-out. Completion is anticipated by 30 June 2026, subject to customary and specific conditions. The company also announced plans to use part of the proceeds to repay a loan and highlighted ongoing strategic reviews of its investment portfolio.
Key Points
  • PPK Group Limited entered into a conditional share sale and purchase agreement with Mehler Vario Systems GmbH.
  • The agreement involves the sale of PPK's 39.85% interest in Craig International Ballistics Pty Ltd.
  • The total potential proceeds from the transaction could reach A$33.43 million.
  • The SPA includes a headline purchase price of A$27.45 million and a potential earn-out capped at A$5.98 million.
  • Completion of the SPA is expected by 30 June 2026, contingent on several conditions being met.
  • The strategic review of PPK's investment portfolio is ongoing.
  • PPK plans to use A$2.0 million from the proceeds to repay a third-party loan.
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.