Nov 19 (Reuters) - Blackwall Ltd BWF.AX :
* UPDATES ON DEMERGER OF WOTSO COWORKING
BUSINESS
* DEMERGER INVOLVES A CAPITAL REDUCTION & DISTRIBUTION WHICH WILL BE SATISFIED BY AN IN SPECIE DISTRIBUTION OF 86% OF THE SHARES IN WOTSO
* BLACKWALL WILL RETAIN A 14%INTEREST IN WOTSO WITH A CARRYING VALUE OF $5 MILLION
* FORMER BLACKWALL CEO, STUART BROWN, HAS TAKEN ROLE OF WOTSO MANAGING DIRECTOR