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My Rewards International Limited ( (AU:KLV) ) has provided an update.
Klevo Rewards has confirmed that its Fly Wallet unit has secured incentives from Mastercard totalling about A$2 million in cash and service credits, which the company deems material to the value of its securities. Following receipt of final figures on 1 May 2026, the board began evaluating an on-market share buyback as a potential use of the funds and moved to halt trading and announce the development in line with ASX continuous disclosure rules.
In a detailed response to an ASX aware letter, Klevo said it could not disclose the incentives earlier because the dollar amounts were not confirmed and therefore did not meet the threshold for price-sensitive information. The company stressed that it was unaware of the incentives at the time of a prior ASX price query response, affirmed its compliance with Listing Rule 3.1, and noted that its latest disclosure had been authorised by the board.
More about My Rewards International Limited
Klevo Rewards Limited, through its wholly owned subsidiary Fly Wallet Pty Ltd, operates in the rewards and payments sector. The company focuses on loyalty and incentive solutions and partners with major payment networks such as Mastercard to deliver cash and service credit benefits tied to its commercial arrangements.
Average Trading Volume: 2,080,815
Technical Sentiment Signal: Strong Buy
For detailed information about KLV stock, go to TipRanks’ Stock Analysis page.