ARC Funds announces sale of Ausbiz TV convertible notes
Key points
- ARC Funds has entered into a binding Deed of Assignment to sell 2,150,000 convertible notes in Ausbiz TV Pty Ltd
- The total consideration is $500,000 cash, representing a profit of approximately $70,000 to ARC
- The sale does not include ARC's strategic stake in Ausbiz Capital (26.35%) or any secured debt held in Ausbiz Group Pty Ltd
Full summary
ARC Funds Limited (ASX:ARC) has announced that it has entered into a binding Deed of Assignment with AUSBIZ GROUP PTY LTD to sell 2,150,000 convertible notes with a face value of $1.00 per note ('Convertible Notes') held by the Company in AUSBIZ TV PTY LTD. The total consideration for the Convertible Notes is $500,000 cash, and the assignment will take effect on March 23, 2026. The sale represents a profit of approximately $70,000 to ARC, noting that the initial consideration for the notes was ARC scrip. The acquisition of the Convertible Notes by ARC was announced on 5 November 2025. The Assignment does not include, nor have any bearing on, the strategic stake held by the company in Ausbiz Capital (26.35%) or any secured debt held by the company in Ausbiz Group Pty Ltd.
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