Ariadne Australia gains most in over 2-1/2 years on revaluing investment

Ariadne Australia

21/09/2021 02:13

** Shares of investment co Ariadne Australia Ltd  ARA.AX 
rise as much as 3.9% to A$0.670, their highest since Feb 2019
    ** Co says it is revaluing stake in investee company
FinClear Holdings Ltd in line with price set by a recent capital
raising undertaken by FinClear  urn:newsml:reuters.com:*:nASX1C9HY1
    ** Sees gain of A$7.7 mln ($5.59 mln) as a result of
revaluation
    ** ARA posts biggest intraday pct gain since Sept 10
    ** Stock has added 31.6% this year, as of last close

($1 = 1.3782 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))