Brief: Rightcrowd Proposes Divestment Of Physical Security Businesses For A$13.5 Mln

Gathid

04/07/2023 07:22

July 4 (Reuters) - Rightcrowd Ltd  RCW.AX :
    * PROPOSES DIVESTMENT OF PHYSICAL SECURITY BUSINESSES FOR
A$13.5
MILLION
    * TO RETAIN SAAS-BASED ACCESS ANALYTICS BUSINESS
    * DETERMINED TO PRIORITISE ALLOCATION OF CAPITAL TO GROWTH
OF
ACCESS ANALYTICS BUSINESS
    * BINDING SHARE PURCHASE AGREEMENT WITH BLOOM RC HOLDINGS
FOR SALE
OF WORKFORCE ACCESS
    * DIRECTORS UNANIMOUSLY APPROVE PROPOSED DIVESTMENT TO BLOOM
&
WILL RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION

Source text for Eikon:  ID:nASXbCBhmC 
Further company coverage:  RCW.AX 

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