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Centrex Limited ( (AU:CXM) ) has issued an update.
PRL Global Limited has announced that a court order has been granted to allow the transfer of all issued shares in Centrex Ltd to PRG, following the execution of a Deed of Company Administration. This marks a significant milestone in PRG’s acquisition of Centrex and its subsidiary Agriflex, which own the Ardmore Phosphate Mine in Queensland. However, the completion of the transaction is contingent upon meeting several Conditions Precedent by the end of August 2025. The economic viability of the Ardmore Phosphate Mine hinges on finalizing commercial terms with key logistics and operational partners.
More about Centrex Limited
PRG is a leading fertiliser company and producer of Australian Phosphate exports with a global fertiliser value chain, dedicated to providing high-quality products to meet the growing demands of customers. With a focus on innovation and sustainability, PRG strives to provide a sustainable and prosperous future for our community, employees, shareholders, and customers.
Technical Sentiment Signal: Sell
Current Market Cap: A$14.75M
Learn more about CXM stock on TipRanks’ Stock Analysis page.