Australia's Bridge SaaS soars on Brightside stake divestment

Bridge SaaS

13/07/2026 03:43

** Shares of Australia's Bridge SaaS BGE.AX rise as much as 25% to A$0.025, hitting their highest level since June 26
** Workflow solutions provider divests its entire stake in Brightside Disability Support & Respite Pty Ltd for cash proceeds of A$1.5 mln ($1.04 mln)
** Co says divestment reflects decision to focus on its New South Wales disability services business and continue research and development in its core software platform
** About 491,278 shares trade hands vs 30-day average of 635,012 shares 
** Stock up 4.2% YTD, including session's moves

($1 = 1.4418 Australian dollars)

 (Reporting by Subhalakshmi Dey)
 ((Subhalakshmi.Dey@thomsonreuters.com;))