Archive for June 2020

Commercial in confidence Thank you for joining Rod and the team in today’s webinar. For those who were not able to join us today, we are holding an additional webinar with Rod this Friday at 1pm, please click on the below link to register. Madison Webinar To those who have sent through messages, thank you.…

Commercial in confidence I am delighted to announce Clime Investment Management Limited (Clime) is the new owner of the Madison AFSL. From the outset of the sale process, our preference has been to minimise disruption to your business.  Times are challenging already, the move to a new owner had the potential to cause an upheaval…

Commercial in confidence I’m delighted to announce the share sale deed is signed.  This will be formally announced in the morning by OneVue and the acquirer (we’ll love them!). It should take a maximum of two weeks to settle the transaction.  To find out more, please join us tomorrow in our weekly webinar, details below.  On…

Commercial in confidence You may have seen the media articles about to the sale of SC Australia Holdings 1 Pty Ltd (which incorporates Madison) and the reference to conditions precedents.  One of the listed conditions is consent from a creditor of Sargon, or a court order to permit the sale.  I’ve raised this with PwC,…

Commercial in confidence Morning all, hope you enjoyed the weekend.  A quick update on sale progress.  Contract negotiations are almost at an end.  You may have seen the OneVue ASX announcement this morning (CLICK HERE), which indicates execution of the sale agreement being imminent.  As soon as I’m informed, I’ll provide an update.  Once the…

Commercial in confidence Further to last night’s update, discussions regarding the sale continue to progress positively.  The team at PwC have informed me that the respective legal teams will be working over the weekend to reach a conclusion. I feel we are closing this week in a positive way.  PwC, Bob Neill, OneVue and the…

Commercial in confidence The meeting I referred to yesterday commenced late this afternoon.  Based on the earlier conversations with PwC, I understand we are moving in the right direction.  I’ll receive more information post the meeting and will provide further insight tomorrow regarding the outcomes of the discussions. Today I had conversations with Bianca Dezoitti, Honey &…

Commercial in confidence Just got off the phone with Bob Neill; he commented the conversations over the last two days have been very positive.  There were some key issues in the share contract that have been addressed and we expect to have more clarity in the next few days.  If I don’t have further detail…

Commercial in confidence I spoke with Bob Neil and PwC this evening regarding the sale. They’ve let me know that all involved parties will be meeting tomorrow afternoon to discuss a few of the final remaining points outlined in the Share Sale contract. This is a positive step forward as we get closer to an outcome. CLICK…

Commercial in confidence I hope you had an enjoyable weekend.  There is no further update to provide regarding the sale.   I can empathise this is frustrating.  I have requested further information from Bob and PwC with a view to provide further detail to you in our Wednesday update. CLICK HERE to register once for the Madison Update recurring…