12 November 2013
Thomas & Coffey LimitedABN 60 000 263 678
Level 1, Quad 3
102 Bennelong Parkway
Homebush Bay, NSW 2127
T 02 9008 2000 F 02 9008 2199
www.thomascoffey.com.au
Proposed Sale of Business
Thomas & Coffey Limited ("Thomas & Coffey") (ASX: THO) announces that it has entered into a conditional agreement to sell the majority of its business and its brands ("the Sale Business") for $33.5 million ("the Transaction"), subject to working capital and other adjustments to be determined on Completion, to ATIVO Pty Ltd ("ATIVO"), a wholly owned subsidiary of SKILLED Group Limited (ASX: SKE).
The proposed sale will be effected by Thomas & Coffey selling its wholly owned subsidiary T & C Services Pty Ltd
("T&C Services").
Employees of the Sale Business will be offered employment by T & C Services on the same terms and conditions that they currently enjoy with Thomas & Coffey.
The proposed sale is conditional on: