Registry Direct Divestment in Management Buy-Out Announced by Complii FinTech Solutions

Jul 18, 2024

By September 30, 2024, Complii FinTech Solutions Ltd (ASX: CF1) will provide its CEO and founder, Stuart Roe, the Registry Direct business unit. The sale price of AU$3.35 million plus service costs of AU$1 million make up the total transaction value of AU$4.35 million.

The deal is contingent upon shareholder approval and legally binding paperwork. With a strategic alliance with Registry Direct, Complii will focuses on its core markets and use the proceeds for operating capital. Thanks to the sale, Complii can now improve its products and solidify its place in the Australian equities’ capital markets.

 

 

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