Complii FinTech Solutions Ltd (ASX:CF1) announced today that it has entered into a formal Share Sale Agreement with Mr Roe, Founder and CEO of Registry Direct, to sell its Registry Direct business unit in a Management Buy-Out.
The agreement is subject to Shareholder Approval pursuant to ASX Listing Rule 10.1 at a general meeting (date to be announced).
The transaction is expected to be completed in H1 FY25.
The arrangement is bonded by the continued future long-term relationship between Complii Group and Registry Direct, which will see Registry Direct with continued access to the Complii platform, including the Adviser Bid/Corporate Highway product, to allow Registry Direct clients to place offers to raise capital, as well as access to the PrimaryMarkets Platform to allow Registry Direct clients to place offers and/or securities to trade.