LiveTiles sale process completion announcement

LiveTiles Limited (ASX: $LVT) has announced the completion of the sale process as detailed in the ASX announcement dated 4 June 2024. The Receivers have finalized the Transaction between LiveTiles Holdings Pty Ltd and Omnia Digital Workplace AB, resulting in Omnia gaining full control of LiveTiles business operations. It is important to note that LVT's businesses of My Net Zero and Human Link were not included in this Transaction. The Receivers will continue to be in place for the foreseeable future to oversee the realization of residual assets and the collection of deferred consideration amounts related to the Transaction.

Executive commentary on sale process completion

The completion of the sale process marks a significant milestone for LiveTiles as it transitions control to Omnia Digital Workplace AB. While My Net Zero and Human Link were not part of this transaction, we remain committed to overseeing the remaining assets and ensuring the collection of deferred consideration amounts. We appreciate the support and understanding of our stakeholders during this transition period.

Summary of LiveTiles sale process completion

LiveTiles (ASX: $LVT) has successfully completed the sale process, allowing Omnia Digital Workplace AB to assume full control of LiveTiles business operations. The excluded businesses of My Net Zero and Human Link will not be affected by this transaction. The Receivers will continue their role to manage residual assets and the collection of deferred consideration amounts. LiveTiles looks forward to a smooth transition and remains focused on its ongoing operations and strategic initiatives.