Richard Swanton entered into a conditional agreement to acquire Applyflow International Pty Ltd from Applyflow Limited for approximately AUD 1.2 million.

Richard Swanton entered into a conditional agreement to acquire Applyflow International Pty Ltd from Applyflow Limited (ASX:AFW) for approximately AUD 1.2 million on April 19, 2024. The transaction is subject to shareholder approval, cancellation or forgiveness of all intercompany loans between Applyflow Limited and Applyflow International and its subsidiaries, and receipt of all required regulatory approvals. The conditions need to be satisfied or waived by May 31, 2024 otherwise the agreement may be terminated by either party.

Completion of the disposal will occur no more than 5 business days after the conditions are satisfied or such other period agreed by the parties.