Company Name: Star Payment Systems
Announcement Date: 27/04/2017
Announcement Category: Team Update
Announcement Content:
Stargroup (ASX:STL) has been granted a trading halt by the ASX, pending details of a placement to professional and sophisticated investors.
The placement is being conducted for the purpose of raising funds to be used for the completion of the Indue ATM Businesses acquisition.
The halt will remain in place until the opening of trade on Monday 1st May 2017, or earlier if an announcement is made to the market.
Announcement URL: http://www.proactiveinvestors.com.au/companies/news/176955/stargroup-attracts-professional-and-sophisticated-investors-176955.html
About Star Payment Systems:
Financial technology company Stargroup Limited is the only ASX listed company deploying ATM machines in Australia and importantly, the only listed ATM company having a direct ownership interest in the manufacturer of its ATM technologies, namely NeoICP, a South Korean private company.
Stargroup Limited became the exclusive distributor of the cashPod ATM range including the recycler ATM, back office and payment technologies in Australia for the next 5 years on 7 August 2015.
Stargroup Limited, via its wholly owned subsidiaries, StarPOS and StarApps, is also an EFTPOS and payWave technologies provider and developer of the source code in its terminals via its 5 year distribution agreement with West International AB, a Swedish NASDAQ listed company, to distribute next generation EFTPOS payment terminals and solutions in Australian and New Zealand.
Go to Company Profile for: Star Payment Systems
Announcement Contact: [email protected]
