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Bailador Technology Acknowledges ASX Compliance Breach and Plans Process Updates

Story Highlights
  • Bailador acknowledged releasing transaction information to the media before ASX disclosure.
  • BTI plans to update its processes to avoid non-compliance with ASX rules in the future.
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Bailador Technology Acknowledges ASX Compliance Breach and Plans Process Updates

Bailador Technology Investments Ltd ( (AU:BTI) ) has issued an announcement.

Bailador Technology Investments Limited received a query from the ASX regarding compliance with Listing Rule 15.7. The company acknowledged providing confidential information to the Australian Financial Review about a potential transaction before an official ASX announcement. Although the transaction did not affect the company’s net assets or short-term profits, BTI recognized this action was not consistent with Listing Rule 15.7. They have committed to updating internal processes to prevent future occurrences and ensure compliance.

More about Bailador Technology Investments Ltd

Bailador Technology Investments Limited is a company involved in the technology investment sector, focusing on providing capital to technology companies. The company primarily engages in identifying and investing in growing technology businesses with the potential for significant market impact.

YTD Price Performance: 3.75%

Average Trading Volume: 105,661

Technical Sentiment Consensus Rating: Strong Sell

See more data about BTI stock on TipRanks’ Stock Analysis page.

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