Brief: Ten Sixty Four Announces Appointment Of Voluntary Administrators

Ten Sixty Four

03/07/2023 06:53

July 3 (Reuters) - Ten Sixty Four Ltd  X64.AX :
    * APPOINTMENT OF VOLUNTARY ADMINISTRATORS
    * APPOINTED PWC'S MARTIN FORD AND SIMON THEOBALD AS
VOLUNTARY
ADMINISTRATORS EFFECTIVE 2 JULY
    * ADMINISTRATORS WILL UNDERTAKE PRELIMINARY REVIEW AND
ASSESSMENT
OF X64'S OPERATIONS
    * NO OTHER UNIT IN THE X64 GROUP OF COMPANIES IS INCLUDED IN
ADMINISTRATION
    * BOARD OF X64 HAS ENTERED VOLUNTARY ADMINISTRATION WITH
STRONG
DESIRE TO RESTRUCTURE GROUP
    * X64 HAS NO GUARANTEE OF CONTINUED INCOME FROM PMC TO
SUPPORT ITS
OPERATIONS
    * TRADING IN CO'S SHARES ON ASX WILL REMAIN SUSPENDED DURING
ADMINISTRATION PERIOD

Source text for Eikon:  ID:nASX7cVh3d 
Further company coverage:  X64.AX 

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