Brief: Spirit Technology Solutions Initiates Strategic Review

Infotrust

06/09/2023 09:15

Sept 6 (Reuters) - Spirit Technology Solutions Ltd
 ST1.AX :
    * MARKET UPDATE
    * INITIATES STRATEGIC REVIEW TO REALISE SHAREHOLDER VALUE
    * STARTEGIC REVIEW INCLUDES ASSESSMENT OF ACQUISITION
OPPORTUNITIES TO STRENGTHEN HIGHER-GROWTH SEGMENTS OF SPIRIT'S
OPERATIONS
    * NO CERTAINTY THAT ANY CORPORATE TRANSACTION WILL EMERGE
FROM
STRATEGIC REVIEW
    * MANAGED SERVICES DIVISION EXITING  RESTRUCTURE AND
EXPECTED TO
RETURN TO NORMAL OPERATING CONDITIONS IN FY24

Source text for Eikon:  ID:nASX2tbWnQ 
Further company coverage:  ST1.AX 

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