Klevo Rewards halts trading as it finalises material Mastercard rebate

My Rewards International Limited ( (AU:KLV) ) has issued an update.

Klevo Rewards Limited has requested a trading halt on its ASX-listed securities while it finalises the terms of a material rebate receivable from Mastercard linked to its expanding rewards card program. The company says the size and structure of this commercial incentive are still being confirmed, but are expected to significantly influence market assessments of its financial position and growth trajectory.

The halt will remain in place until the earlier of an announcement detailing the Mastercard rebate or the resumption of normal trading on 5 May 2026, with Klevo stating the move is necessary to avoid trading on an uninformed basis and that it remains compliant with continuous disclosure obligations. The pending rebate, tied directly to the scale-up of its card-based loyalty offering, underscores the strategic importance of major payment network partnerships to Klevo’s future growth and could reshape investor expectations around revenue and profitability.

More about My Rewards International Limited

Klevo Rewards Limited, formerly My Rewards International Limited, is a global provider of customised subscription-based rewards and loyalty marketplaces for corporates and consumers. Its core offerings include white-labelled Mastercard-powered loyalty technology, rewards platforms, customer experience solutions and digital marketing services aimed at enhancing engagement and retention.

Average Trading Volume: 2,029,620

Technical Sentiment Signal: Buy

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