Australia's LiveTiles sees best day in 3 weeks on securing debt facility

Livetiles

27/09/2021 05:09

** Shares of LiveTiles Ltd  LVT.AX  rise as much as 5.56% to
A$0.1425, their best day since Sept. 3
    ** The workplace software maker signs a three-and-a-half
year A$10 mln ($7.26 mln) loan facility with Sydney-based
venture capital firm OneVentures  urn:newsml:reuters.com:*:nFWN2QR08Q
    ** Loan to be used for funding future investments
strategies, meeting working capital and operational requirements
    ** LVT hits its highest level since Sept. 13
    ** More than 1.1 mln shares have changed hands, compared
with the 30-day average of about 1 mln shares 
    ** Stock down 43.75% YTD, as of Friday's close
    
($1 = 1.3778 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((jaskiran.singh@thomsonreuters.com))