Brief: Blackwall Approves Spin Off Wotso Workspace As A Stand-Alone Business

Blackwall

02/08/2019 02:28

Aug 2 (Reuters) - Blackwall Ltd  BWF.AX :
    * BOARD HAS RESOLVED TO PROCEED WITH A PROPOSAL TO SPIN OFF
WOTSO
WORKSPACE AS A STAND-ALONE BUSINESS
    * ON COMPLETION OF THE DEMERGER WOTSO INTENDS TO LIST ON THE
ASX
IN ITS OWN RIGHT
    * FOUNDER SEPH GLEW WILL TAKE THE ROLE OF BLACKWALL CHAIRMAN
    * WOTSO TO DEMERGE SUCH THAT CO'S 1,200 SHAREHOLDERS WILL
HOLD
THEIR EXISTING SHARES AND RECEIVE NEW WOTSO SHARES ON A PRO RATA
BASIS
    * CEO STUART BROWN WILL MOVE ACROSS TO HEAD UP WOTSO
    * TIM BROWN AND JESS GLEW WILL BE APPOINTED AS BLACKWALL'S
JOINT
MANAGING DIRECTORS

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 ((Reuters.Briefs@thomsonreuters.com;))