NZ's Scott Technology gains on announcing strategic review

Scott Technology

15/06/2023 04:31

** Shares of Scott Technology  SCT.NZ  jump as much as 9.1%
to NZ$3.00, hitting their highest level since April 17
    ** Co says it intends to undertake a strategic review of its
ownership structure to explore options to maximise value for all
shareholders
    ** Says strategic review is expected to take several months,
and there is no certainty that any transaction will result
    ** Shares post their biggest intraday pct gain since May 31
    ** Stock on track for a third consecutive session of gains,
if trend holds
    ** SCT stock up 9.6% YTD, as of last close

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))