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
