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Wingara Ag Ltd (ASX:WNR)

ALERT: Price-sensitive ASX Announcement for WNR
Current share price for WNR : $0.008 0.003 (60%)+
Announcement
Release
27 Feb 2025 12:33PM
Price at Release
$0.005
Full Release
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Summary
Wingara Ag Limited has announced an agreement to sell its Export Hay Press and auxiliary equipment for AUD $750,000 plus GST, with the transaction expected to close by 30 June 2025, pending shareholder approval. This decision was made due to challenging market conditions and the need for operational efficiencies that cannot be achieved with the current equipment. The Board unanimously recommends shareholders vote in favor of the sale, and the largest shareholder has indicated support.
Key Points
  • Wingara Ag Limited has entered into an agreement to sell its Export Hay Press.
  • The sale price is AUD $750,000 plus GST.
  • Transaction completion is expected by 30 June 2025, subject to shareholder approval.
  • The Board unanimously recommends shareholders vote in favor of the transaction.
  • Wingara's largest shareholder has indicated support for the sale.
  • Challenging market conditions necessitated this decision.
  • Future plans include expanding agricultural marketing and processing services.
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.