NoviqTech's responses to ASX queries

NoviqTech Limited (ASX:NVQ) has provided detailed responses to the queries raised by ASX in the query letter dated 4 September 2024. The company addressed concerns related to the financial position, engagement with auditors, and awareness of the equity deficiency position prior to the publication of the Cleansing Notice.

Executive commentary on ASX queries

The board of directors of NVQ clarified that they were not more aware of any information contained in the HY Accounts at the time of releasing the Cleansing Notice than what was already disclosed under Listing Rule 3.1. They also explained their engagement with the auditors and their awareness of the equity deficiency position. NVQ emphasized that its responses have been authorized and approved by the board of directors.

Summary of ASX query responses

NoviqTech has responded to ASX's queries regarding the financial position, engagement with auditors, and awareness of the equity deficiency position. The company emphasized that its directors were not more aware of the information contained in the HY Accounts at the time of releasing the Cleansing Notice than what was already disclosed under Listing Rule 3.1. NVQ also provided details of its engagement with auditors and the policies and procedures in place to monitor the financial position. The company confirmed that its responses have been authorized and approved by the board of directors.