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The ATO office development in Adelaide, which is 50 per cent owned by the Aspen Development Fund No.1.

Aspen announces $101 million plan to reduce debts

Aspen Group says it is planning to sell out of its residential and commercial development divisions as a result of an ongoing review of operations, while also unveiling a $101.4 million capital raising plan to reduce its debts and boost working capital.

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Aspen Group (APZ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/04/18

1 year TSR5 year TSR
470thAspen Group-1%-6%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/10/15
$46k Issued
30/09/15
$260k Bought
30/09/15
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Aspen Group$15.8m
77 listed non wa companies ranked by revenue.
Source: Morningstar

Remuneration from Aspen Group

234thAdam Marrs Ekamper$488k
903rdGuy Farrands$112k
953rdClive Appleton$98k
Ranked by total remuneration from all listed WA companies

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