Brief: Sito Mobile issues statement in response to Singer Group's 13D/A filing

Sito Mobile

26/07/2017 14:13

July 26 (Reuters) - Sito Mobile Ltd  SITO.O  
    * Sito Mobile issues statement in response to Singer Group'S 
13D/A filing 
    * Sito Mobile Ltd - "Sito welcomes open communications with 
all of its shareholders" 
    * Sito Mobile-over past month, board, management made many 
attempts to engage "constructively" with Singer Group in series 
of meetings with Gary Singer 
    * Sito Mobile Ltd- "Board is committed to carefully 
considering concerns of Singer Group as shareholders and 
debtholders" 
    * Sito Mobile Ltd - Gary Singer's comments were motivating 
factor in company's decision to enter into its recently 
announced equity offering 
    * Sito Mobile - at no time has any member of Singer Group 
offered to refinance co's secured note held by group without 
conditions of management changes  
 
Source text for Eikon:  ID:nGNXOCPPKa  
Further company coverage:  SITO.O  
 
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