Duxton Water (ASX:D2O) entered into an AU$121.3 million sale agreement with the Australian Federal Government to sell 30,614.7 megalitres of water entitlements, according to a Thursday filing with the Australian bourse.
The sale includes both high-security and general security water across the Murray-Darling Basin in Southeastern Australia and is being executed at a premium to the company's current net asset value, the filing said.
The Board expects the transaction to positively impact future profitability, with proceeds to be used to settle AU$19 million in contracted water entitlement acquisitions and reduce the company's debt facility.
Settlement is subject to water authority approvals, with completion expected within 10 business days of approval, the filing added.
Shares of the company rose 5% in recent Thursday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。