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Asset Resolution Limited (ASS.NSX) NobleOak Investment Update

·1-min read
Asset Resolution Limited
Asset Resolution Limited

Asset Resolution Limited (ASS.NSX) NobleOak Investment Update

Sydney, Australia, July 22, 2021 - (ABN Newswire) - Asset Resolution Limited (NSX:ASS) is pleased to announce that a further $399,999.60 has been invested in NobleOak Life Limited under its Initial Public Offering (IPO) at $1.95. The IPO price is 8% higher than the last NobleOak Life Limited share issue price; therefore there an 8% increase in ARL's investment in NobleOak Life Limited disclosed in the December 2020 Interim Report and a 26% increase since the shares were initially acquired at $1.55 per share.

ARL has received a cash dividend of $309,677 and a franking credit of $131,819 on its initial investment of 2,580,645 shares.

NobleOak Life Limited is expected to list on the ASX today.


About Asset Resolution Limited:


Asset Resolution Limited (NSX:ASS) is a company whose board has significant experience and connections in the optimal realisation of mortgage loans and distressed assets.



Contact:

Vicky Allinson FCCA, FGIA
Company Secretary
Chief Financial Officer
Asset Resolution Limited
Email: vicky.allinson@arlimited.com.au

Source:
Asset Resolution Limited

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