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Prestal Holdings Limited (ASX:PTL)
ALERT: Price-sensitive ASX Announcement for PTL
Current share price for PTL : $0.022 -0.012 (-35.29%)+
Announcement
Release
15 May 2026 9:16AM
Price at Release
$0.034
Full Release
Summary
Prestal Holdings Limited has announced its decision to sell its Hampers with Bite business to Gourmet Brands Two Pty Ltd. This sale, valued at up to $1,000,000, is contingent on shareholder approval and other conditions, with the aim of reallocating resources to potentially more profitable ventures. Prestal's directors, after consulting with major shareholders, have recommended approval, with the transaction expected to complete by 25th June 2026. No changes to the company's board or management are planned following the sale.
Key Points
- Prestal Holdings Limited to sell Hampers with Bite business.
- Sale pending shareholder approval.
- Gourmet Brands Two Pty Ltd to acquire the business.
- Sale price up to $1,000,000, subject to adjustments.
- Prestal aims to explore new business opportunities post-sale.
- Shareholders meeting scheduled for 25th June 2026.
- No changes to board or management post-transaction.
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.
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