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Novatti Group Limited (ASX:NOV)

ALERT: Price-sensitive ASX Announcement for NOV
Current share price for NOV : $0.015 -0.018 (-54.55%)+
Announcement
Release
3 Sep 2025 9:48AM
Price at Release
$0.033
Full Release
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Summary
Novatti Group Limited, a leading fintech company based in Australia, has sold its Emersion business to CGP Equity for $500,000 as part of its ongoing strategic review to streamline operations and focus on its core payments infrastructure. The sale was executed through an unconditional share purchase agreement, which included provisions for staff retention bonuses and ensuring a net cash balance for working capital. Post-completion, Novatti will continue to focus on strengthening its core Payments AU/NZ business. The divestment aligns with Novatti's goal to enhance growth by concentrating on the most promising business sectors and delivering sustainable returns to shareholders.
Key Points
  • Novatti sells Emersion Systems to CGP Equity for $500,000.
  • The sale is part of Novatti’s strategic review to focus on core payments business.
  • Provisions in the sale include staff retention bonuses and net cash balance retention.
  • Post-sale, Novatti will continue focusing on its Payments AU/NZ business.
  • The divestment aims to redirect resources and management to high-growth areas.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.