News: BTH Bigtincan Holdings Clarifies Media Speculation Regarding Approach From Sqn Investors

Dec 8 (Reuters) - Bigtincan Holdings Ltd (BTH) :

• MEDIA REGARDING APPROACH FROM SQN INVESTORS
• CONFIRMS ITS FY23 GUIDANCE OF ANNUALISED RECURRING REVENUE IN RANGE OF A$137-143M
• INDEPENDENT BOARD COMMITTEE AFTER EVALUATING PROPOSAL WITH ADVISERS IS STILL WAITING FOR SQN TO PROVE FUNDS PRIOR TO ENGAGING FURTHER
• CONFIRMS ITS FY23 GUIDANCE OF REVENUE IN RANGE OF A$123-128M
• PROPOSES TO UNDERTAKE PLACEMENT TO ENABLE IT TO ACCELERATE KEY STRATEGIC PRIORITIES OUTLINED IN ITS FY22 RESULTS
• RECEIVED LETTER MARKED "STRICTLY PRIVATE AND CONFIDENTIAL" FROM SQN INVESTORS THAT HAS BEEN PUBLISHED BY CERTAIN NEWS PLATFORMS
• IN LETTER, SQN INVESTORS EXPRESS THEIR VIEW ON CO'S STRATEGY THAT IS NOT SHARED BY CO OR IBC