Vysarn Limited (ASX:VYS) responds to ASX's queries

Vysarn Limited (ASX:VYS) has responded to ASX's letter dated 19 September 2024, addressing the recent acquisition of CMP Consulting Group Pty Ltd (CMP) and the capital raise. The company confirmed the material impact of the acquisition and the firm commitments from investors for the placement, in compliance with Listing Rule 3.1.

Executive Commentary on ASX's Queries

Vysarn Limited has provided detailed responses to ASX's queries regarding the recent acquisition and capital raise. The company confirmed that the binding Share Sale Agreement for the acquisition of CMP, the pro-forma FY24 impact of the acquisition, and the firm commitments from investors for the placement are all considered material information that could have an effect on the price or value of its securities. The company also explained the timeline of when it first became aware of this information and the reasons for not making an announcement prior to the date of the Announcements. Vysarn emphasized that it believes it was obliged to release the information under Listing Rules 3.1 and 3.1A once the Share Sale Agreement had been entered into and the details of the Placement had been finalized. The responses have been authorized and approved under the company's published continuous disclosure compliance procedures policy.

Summary of ASX's Queries Response

Vysarn Limited (ASX:VYS) has responded to ASX's queries regarding the recent acquisition of CMP Consulting Group Pty Ltd and the capital raise. The company confirmed the material impact of the acquisition and the firm commitments from investors for the placement, in compliance with Listing Rule 3.1. Vysarn emphasized that it believes it was obliged to release the information under Listing Rules 3.1 and 3.1A once the Share Sale Agreement had been entered into and the details of the Placement had been finalized. The responses have been authorized and approved under the company's published continuous disclosure compliance procedures policy. The company's prompt response to ASX's queries demonstrates its commitment to transparency and compliance with regulatory requirements.