approximately<b>63m</b> to ERG Group <b>after repayment </b>of intercompany loans -- Anonymous

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Subject: approximately63m to ERG Group after repayment of intercompany loans

Author:
ERG Group wilf retain the worldwidelicence rights to the Proton Technologyfor a period of 20 yearsand obtain exclusive access to nominated customers for 5 years

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Date Posted: Tuesday, March 18, 07:48:06am
In reply to: Venus technologyExclusive access to customers of choice for 5 years 's message, "ERG owns the technology which is licensed to Creative Star -- for use only in Hong Kong" on Sunday, March 16, 06:21:02am

I ERG Group has also entered into exclusive negotiations to
dispose of its wholly owned entity, Proton World International SA ("PWI"), for approximately E60m (A$-tOSm). The sale consideration excludes an earn-out fee receivabte from the purchaser, which is based on certain milestones being achieved. The sale of PWl will provide net cash proceeds of approximately $63m to ERG Group after repayment of intercompany loans, acquiring a licence of Proton Technology
at settlement and excluding the earn-out receivable. By
acquiring this licence, ERG Group wilf retain the worldwide
licence rights to the Proton Technology for a period of 20 years and obtain exclusive access to nominated customers for 5 years;

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Replies:

Subject	Author	Date
ERG could earn up to E22.5m (A$40m)based on these milestonesover a ten year period.	Contingent asset:-will be booked as it is progressively received.	Tuesday, March 18, 08:00:18am