Common Contracts
1 similar Share Sale Agreement contracts
SHARE SALE AGREEMENT UPDATEShare Sale Agreement • April 3rd, 2013
As previously announced, RUN entered into conditional sale agreements with Rental Management Australia Group (formerly Rental Express Group Limited) and Heritage Acquisitions Limited. Rental Management has not raised the funding necessary to complete the transaction and RUN has now terminated the agreements. Under the terms of the Rental Management sale agreement RUN retains the $4M deposit paid and must, within the prescribed period under the agreement, convert the deposit to 10 million ordinary shares in RUN Corp Limited at 40 cents per share.
