EML 1.61% 61.0¢ eml payments limited

Ann: Pause in Trading, page-38

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  1. 274 Posts.
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    "EML Payments Limited (ASX: EML) advises that its Sentenial business has
    identified recent fraudulent activity relating to an identified set of fraudulent merchants
    within its direct debit processing business.

    EML is taking steps to investigate and understand the circumstances surrounding the
    fraud, and has commenced steps to recover any losses. EML is confident that the
    maximum amount of any losses will not exceed €5.5m (AUD7.9m) but may be lower
    depending on the success of recovery actions.

    The fraudulent activity primarily occurred in August 2022 and came to EML’s attention
    on Tuesday 23 August. A meeting of the Board was convened early this morning for
    the purposes of informing the market.
    "

    Fark. That explains yesterday's sell off.......
    Last edited by brednog: 24/08/22
 
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