Australia's Zimi rises on exclusive distribution agreement
24/09/2026 03:56
BUZZ-Australia's Zimi rises on exclusive distribution agreement ** Shares of Zimi ZMM.AX rise as much as 16.7% to A$0.0035, highest level since September 7
** Stock set for its strongest session since September 2, if current trends hold
** Technology company inks an exclusive distribution agreement with Directed Electronics Australia for retail, direct-to-consumer, direct to business sales of Zimi's new Matter product ranges across Australia and New Zealand
** Agreement grants Zimi access to more than 10,000 retail outlets across Australia and New Zealand
** The initial term of the agreement is three years, with options to extend it further by two years - company
** About 5.1 million shares change hands, 3x the 30-day average
** YTD, stock down 41.7%
(Reporting by Tejas Harish in Bengaluru)
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