Balco Australia Pty Ltd agreed to acquired Raywood Facility business assets from Wingara AG Limited (ASX:WNR) for AUD 15 million on February 20, 2023. AUD 14.3 million will be paid on settlement and AUD 0.7 million payable to an escrow account on settlement. Completion of the Proposed Transaction will be subject to Wingara shareholder approval and Foreign Investment Review Board approval. Proceeds will be used partially for the repayment of the debt and the payment of a Special Dividend. As on April 5, 2023, All dates and times are indicative only and subject to change and assume that Completion under the Share Sale Agreement and Business Sale Agreement occurs on April 14, 2023.

Balco Australia Pty Ltd completed the acquisition of Raywood Facility business assets from Wingara AG Limited (ASX:WNR) on April 14, 2023.