ASX link:
https://www.asx.com.au/asxpdf/202009...x75swx579p.pdf
Is subject to 'Due Diligence'.
22 SEPTEMBER 2020
ASX RELEASE
REX ANNOUNCES EXCLUSIVE NEGOTIATIONS REGARDING FUNDING FOR ITS DOMESTIC MAJOR CITY JET OPERATIONS
Regional Express Holdings Ltd ACN 099 547 270 (Rex) has signed yesterday evening a long-form term sheet and is in advanced exclusive negotiations with PAG Asia Capital (PAG), a leading Asia-Pacific focused investment firm, regarding an investment by PAG of up to AUD150 million to be used exclusively to support the launch of Rex’s domestic major city jet operations scheduled to commence on 1 March 2021 (FUNDING).
rgds
S28- BE