Microsoft Word - 86.1 Programmed completes sale of vessels for $25 million

ASX Release


8 February 2016


47 Burswood Road Burswood WA 6100

T (08) 9216 2100

F (08) 9216 2186

www.programmed.com.au

Programmed Maintenance Services Ltd

ACN 054 742 264


Programmed completes sale of vessels for $25million


Programmed (ASX:PRG), a leading provider of staffing, maintenance and facility management services, today announced it has completed the sale of all its vessels for $25 million as per the terms outlined in our 7th January 2016 announcement. The terms of the vessel sale agreements will result in payments to the company of $7.7 million by 31 March 2016, a further $11 million by 31 March 2017 and a further

$6.3 million by 30 September 2017.


For further information contact:


General / Investor Enquiries

General / Investor Enquiries

Media Enquiries

Chris Sutherland

Stephen Leach

Ashley Rambukwella

Managing Director

CFO

Financial & Corporate Relations

Telephone: +61 8 9216 2123

Telephone: +61 8 9216 2191

Telephone: +61 407 231 282

Programmed Maintenance Services Limited issued this content on 08 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 00:47:18 UTC

Original Document: http://www.programmed.com.au/images/PDF/ASX/2016/Feb/86. Programmed completes sale of vessels for 25 million.pdf