Brief: Bigtincan Holdings Clarifies Media Speculation Regarding Approach From Sqn Investors

Bigtincan Holdings

08/12/2022 02:54

Dec 8 (Reuters) - Bigtincan Holdings Ltd  BTH.AX :
    * MEDIA REGARDING APPROACH FROM SQN INVESTORS
    * CONFIRMS ITS FY23 GUIDANCE OF ANNUALISED RECURRING REVENUE
IN
RANGE OF A$137-143M
    * INDEPENDENT BOARD COMMITTEE AFTER EVALUATING PROPOSAL WITH
ADVISERS IS STILL WAITING FOR SQN TO PROVE FUNDS PRIOR TO
ENGAGING FURTHER
    * CONFIRMS ITS FY23 GUIDANCE OF REVENUE IN RANGE OF
A$123-128M
    * PROPOSES TO UNDERTAKE PLACEMENT TO ENABLE IT TO ACCELERATE
KEY
STRATEGIC PRIORITIES OUTLINED IN ITS FY22 RESULTS
    * RECEIVED LETTER MARKED "STRICTLY PRIVATE AND CONFIDENTIAL"
FROM
SQN INVESTORS THAT HAS BEEN PUBLISHED BY CERTAIN NEWS PLATFORMS
    * IN LETTER, SQN INVESTORS EXPRESS THEIR VIEW ON CO'S
STRATEGY
THAT IS NOT SHARED BY CO OR IBC

Source text for Eikon:  ID:nASXc4lG5h 
Further company coverage:  BTH.AX 
 ((Reuters.Briefs@thomsonreuters.com;))