Brief: Dug Technology Updates On Exposure To Silicon Valley Bank

DUG Technology

21/03/2023 04:30

March 21 (Reuters) - DUG Technology Ltd  DUG.AX :
    * UPDATE TO DUGS EXPOSURE TO SILICON VALLEY BANK
    * DOES NOT EXPECT ANY FINANCIAL LOSS IN RESPECT TO CASH
HOLDINGS
IN BANKS OPERATED BY SILICON VALLEY BANK
    * COMPANY IS REVIEWING ITS BANKING RELATIONSHIPS IN LIGHT OF
EVENT
    * AS OF 21 MARCH, CO CAN NOW DIRECT ITS FUNDS FROM SVB
ACCOUNTS TO
INTERNATIONAL PAYEES
    * AS OF 21 MARCH, COMPLETED TRANSFERS TO DUG'S COMMONWEALTH
BANK
OF AUSTRALIA ACCOUNTS

Source text for Eikon:  ID:nASX2bGsJ3 
Further company coverage:  DUG.AX 

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