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READYTECH HOLDINGS LIMITED — Major Shareholding Notification 2021
Oct 19, 2021
65678_rns_2021-10-19_b0076ff3-3efc-458f-a240-9087de43fd6e.pdf
Major Shareholding Notification
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ReadyTech Holdings Limited ABN 25 632 137 216
20 October 2021
Sale of shares by Pemba Capital Partners
ReadyTech Holdings Limited (ASX: RDY) ( ReadyTech ) has received the attached letter from Pemba Capital Partners.
This announcement has been authorised for release to ASX by the Chair of the ReadyTech.
For more information please contact:
Nimesh Shah Chief Financial Officer E: [email protected] P: + 61 437 980 296
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Governor Phillip Tower Level 32, 1 Farrer Place Sydney NSW 2000 (02) 9256 6300 pemba.com.au ACN: 121 906 045 AFSL No. 448486
19 October 2021
For Attention of: Tony Faure (Chair), Marc Washbourne (CEO)
ReadyTech Holdings Limited Level 1 35 Saunders Street Pyrmont NSW 2009
Dear Tony and Marc
Sale of shareholding in Readytech
We are writing to inform you that Pemba Capital Partners has sold 3.18m shares in Readytech. These shares represent the proceeds from Tranche 1 of an earn-out related to Readytech’s acquisition of Open Office. The award of the Tranche 1 earn-out was announced on August 5[th] .
Pemba has elected to sell this parcel of shares recognising a need to improve liquidity. Pemba does not have any further current intention of selling shares.
The Pemba Capital shareholders remain committed shareholders in Readytech, reflecting a consistent strong track record, high level of recurring revenue and attractive growth outlook.
A change in substantial notice will be issued in due course.
Your sincerely
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Magnus Hildingsson
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