BRIEF-Registry Direct Agrees To Sell Its Registry Business
Reuters
Published Feb 06, 2020 09:17
BRIEF-Registry Direct Agrees To Sell Its Registry Business
Feb 6 (Reuters) - Registry Direct Ltd RD1.AX :
* AGREED TO SELL ITS REGISTRY BUSINESS TO COMPLII FINTECH SOLUTIONS LTD (COMPLII)
* UNDER PROPOSAL, CO WILL RECEIVE $4.2 MILLION WORTH OF NEW SHARES IN COMPLII VALUING EACH RD1 SHARE AT ABOUT 2.4 CENTS
* AT COMPLETION OF DEAL, RD1 EXPECTED TO OWN ABOUT 19.1% OF COMPLII
* ON COMPLETION OF DEAL CEO STEUART ROE WILL BECOME AN EXECUTIVE DIRECTOR OF COMPLII AND HEAD OF REGISTRY BUSINESS
* COMBINED GROUP WILL SEEK TO RAISE UP TO $5 MILLION IN NEW EQUITY
* ON COMPLETION OF DEAL NON-EXECUTIVE CHAIRMAN, DON MCLAY, WILL BE APPOINTED NON-EXECUTIVE CHAIRMAN OF COMPLII
* COMPLII'S EXECUTIVE CHAIRMAN, CRAIG MASON, WILL BECOME MANAGING DIRECTOR AND CEO OF COMBINED GROUP
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Written By: Reuters
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