VRS veris limited
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News: VRS Veris Says Unit Aqura Positioned For Demerger Following Strategic Review

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    12/08/21
    11:40
    Post #: 55230491

    Aug 12 (Reuters) - Veris Ltd (VRS) :

    • AQURA POSITIONED FOR DEMERGER FOLLOWING STRATEGIC REVIEW
    • AQURA WILL SEEK A SEPARATE LISTING ON ASX
    • RESOLVED TO PURSUE A DEMERGING OF UNIT NAME AQURA TECHNOLOGIES LIMITED
    • WILL COMMENCE DISCUSSIONS WITH AQURA MANAGEMENT IMMEDIATELY WITH A VIEW TO DEVELOP INDEPENDENCE OF AQURA INCLUDING APPROPRIATE BOARD
    • EXPECTED THAT AQURA WILL ALSO PUT IN PLACE A NEW MANAGEMENT EQUITY PLAN
    • TARGETED TIMELINE IS FOR DEMERGER TO BE COMPLETED IN LAST QUARTER OF 2021/FIRST QUARTER OF 2022
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