Brief: A2b Australia Announes CEO Appointment And Trading Update

A2B Australia

03/11/2022 01:15

Nov 3 (Reuters) - A2B Australia Ltd  A2B.AX :
    * CEO APPOINTMENT AND TRADING UPDATE
    * APPOINTMENT OF DANIELA FONTANA AS CHIEF EXECUTIVE OFFICER
&
MANAGING DIRECTOR
    * DOES NOT EXPECT TO BE IN A POSITION TO PAY A SPECIAL
DIVIDEND
FROM PROCEEDS OF PROPERTY SALES
    * NET PROCEEDS FROM 9-13 BOURKE ROAD WILL BE CONSIDERED AS
PART OF
DETERMINING APPROPRIATE FINAL DIVIDEND FOR FY23
    * REAFFIRMS ITS GUIDANCE FOR FY23
    * MARK BAYLISS WILL REMAIN IN ROLE OF EXECUTIVE CHAIRMAN
UNTIL 30
JUNE 2023
    * SEES POSITIVE EBITDA AND SOLID EBITDA MARGIN IN FY23
    * SALES PROCESS FOR 9-13 O'RIORDAN STREET SITE STOPPED,
PROCESS
MAY BE REVISITED WHEN MARKET CONDITIONS IMPROVE

Source text for Eikon:  ID:nASXbCmJXw 
Further company coverage:  A2B.AX