NobleOak Investment Update
Sydney, July 22, 2021 AEST (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.
Related CompaniesAsset Resolution Limited