Tiger Brokers

OFX Group Says Unaware of Information Explaining Recent Share-Price Fall

MT Newswires Live
Sep 24

OFX Group (ASX:OFX) said it was not aware of any undisclosed information that could explain the recent decline in its share price to an intraday low of AU$0.61 on Wednesday from AU$0.75 on Tuesday, alongside a significant increase in trading volume, according to its response to an Australian Securities Exchange price query filed with the Australian bourse on Wednesday after market hours.

The company said discussions over the proposed all-cash acquisition by Equals Group remained ongoing following confirmatory due diligence, with negotiations underway to potentially extend the exclusivity period set to expire on Friday, per the filing.

The company said it intended to update the market by that date, confirming that it was complying with its continuous disclosure obligations.

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