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AssetOwl Limited ( (AU:AO1) ) has provided an update.
AssetOwl Limited has announced steps to reduce its debts to related parties by entering termination deeds with entities related to former Non-Executive Director Simon Trevisan and current Non-Executive Director Adrian Siah. The company will settle these debts partially through immediate cash payments and the issuance of new ordinary shares, contingent on shareholder approval. This strategic move is part of AssetOwl’s broader review of its operations and assets, aiming to enhance shareholder value. A general meeting will be convened for shareholders to consider the proposed share issues.
More about AssetOwl Limited
AssetOwl Limited is a company operating in the technology sector, focusing on providing innovative solutions for asset management. Its primary services include developing software tools aimed at enhancing the efficiency and effectiveness of asset management processes. The company is based in West Perth, Western Australia, and is listed on the Australian Securities Exchange (ASX) under the ticker AO1.
Current Market Cap: A$1.95M
Find detailed analytics on AO1 stock on TipRanks’ Stock Analysis page.