M&A Partners acted as financial advisers to Pental Ltd (ASX:PTL) in relation to the successful exercise of options with $5.7M being raised by the company.

Thursday, 19th December 2013

ASX ANNOUNCEMENT

Results of Piggy Back Option Issue

Pental Ltd (ASX: PTL) is pleased to announce that as at the extended Exercise Date by which Loyalty Option holders had to exercise their options to qualify for Piggy Back Options, 287,838,746 Loyalty Options have been exercised raising $5.757m. As a result 287,838,746 Piggy Back Options have been allotted and will be issued today.

Pental thanks all Loyalty Option holders who have participated in the Piggy Back Option Issue for this excellent result. The capital raised will now be used progressively for the purposes set out in the prospectus issued in respect of the Piggy Back Options. In the interim the proceeds will offset gross debt to leave the current net debt at approximately $5.5m.

ASX Announcement

M&A Partners awarded Australian Independent Corporate Advisory firm of the Year

Wednesday, 4th December 2013

M&A Partners awarded Australian Independent Corporate Advisory Firm of the Year 2013

M&A Partners has been awarded Independent Corporate Advisory Firm of the Year Australia 2013 by Acquisition International (AI). The awards have become well recognized in the in the International market place. AI’s Finance Awards identify and honour success, innovation and ethics across international business communities.

The awards recognise the outstanding achievements of individuals and companies within the finance sector, encompassing everything from insurance brokers and specialist IT providers to advisers on subjects ranging from equities to renewable energy. This years awards recognised over 600 winners in more than 60 countries.

Antony Lynch Director of M&A Partners commented: We are pleased to accept this award from Acquisition International during 2013 which capped off a record year for us in terms of transactions specifically focused on helping SME businesses in Australia with creative finance and mergers & acquisitions solutions.

For more information contact Alice Wells (M&A Partners) 03-90784764

http://www.mapartners.com.au

http://acquisition-intl.com/