Melbourne, 7th December 2020 : iSignthis Ltd (ASX ISX) and its Managing Director have receiveda claim filed by the Australian Securities and Investment Commission (ASIC) in the Federal Courtof Australia.The Company notes that the claim is focussed on its disclosures regarding integrationagreements executed in the first half of 2018 and the suspension and termination of itscommercial arrangement with Visa earlier this year.Further details of ASIC’s allegations are available from https://asic.gov.au/about-asic/newscentre/find-a-media-release/2020-releases/20-312mr-asic-commences-proceedings-againstisignthis-and-its-managing-director-nickolas-john-karantzis/The Company will make a further announcement, if appropriate, when it has had theopportunity to consider the allegations.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held