EML eml payments limited

News: EML EML Payments Ltd To Exit 'PCSIL' Business

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    Jan 18 (Reuters) - EML Payments Ltd (EML) :

    • EML PAYMENTS TO EXIT 'PCSIL' BUSINESS
    • LIQUIDATOR HAS BEEN PROVISIONALLY APPOINTED BY HIGH COURT OF IRELAND WITH IMMEDIATE EFFECT TO CONDUCT WIND DOWN
    • GOING FORWARD, EML'S REMAINING EXPOSURE TO PCSIL IS LIMITED TO A$20 MILLION OF CASH OUTFLOW BEING REPAYMENT OF INTERCOMPANY BALANCES
    • GOING FORWARD EML'S REMAINING EXPOSURE TO PCSIL IS LIMITED TO ABOUT A$25 MILLION NON-CASH IMPAIRMENT TO FY24 FINANCIAL ACCOUNTS
    • FOLLOWING CONCLUSION OF LIQUIDATION & REPAYMENT OF INTERCOMPANY BALANCES, EXPECTS FREE CASH FLOW TO MATERIALLY IMPROVE
    • PCSIL WILL BE DECONSOLIDATED FROM EML GROUP EFFECTIVE 16 JANUARY 2024
    • WIND DOWN OF PCSIL NOT EXPECTED TO IMPACT ON PREVIOUSLY STATED FY24 GUIDANCE
 
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Last
$1.14
Change
0.000(0.00%)
Mkt cap ! $434.2M
Open High Low Value Volume
$1.12 $1.16 $1.11 $1.230M 1.086M

Buyers (Bids)

No. Vol. Price($)
1 500 $1.12
 

Sellers (Offers)

Price($) Vol. No.
$1.14 1700 1
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