HT&E signals sale of Luxury Escapes shares
In a market announcement this morning, ASX-listed Here There and Everywhere (HT&E) has indicated that a conditional agreement has been signed for the potential sale of its shares in Luxury Escapes (Lux Group Limited).
The agreement will see Auctus Asset Management (AVC) purchase the shares, with plans to further invest primary capital in Luxury Escapes “via a Convertible Note to support future growth”.
The deal is dependent on several matters, including AVC’s ability to raise “minimum funding of $60 million, with a cap of 75 days for the funding to be raised, unless an extension is applied”.
