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BRIEF-Wisetech Global Responds To Misinformation In Market

Published 18/10/2019, 07:28 pm
© Reuters.  BRIEF-Wisetech Global Responds To Misinformation In Market
WTC
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Oct 18 (Reuters) - WiseTech Global Ltd WTC.AX :

* WTC RESPONDS TO MISINFORMATION IN MARKET

* REJECTS ENTIRELY ALLEGATIONS OF FINANCIAL IMPROPRIETY AND IRREGULARITY CONTAINED IN DOCUMENT

* REPORT CONTAINS MANY CLAIMS AND ALLEGATIONS THAT ARE UNTRUE

* REPORT WAS PUBLISHED WITHOUT PRIOR INQUIRY TO WISETECH.

* SUPPORT INVESTIGATIONS BY AUSTRALIAN REGULATORS OF ATTEMPTS BY OVERSEAS DOMICILED SHORT SELLERS TO TARGET ASX COMPANIES

* NO OVERSTATEMENT OF PROFIT, GROWTH OR REVENUE: ACCOUNTS ACCURATE AND NOT INFLATED THROUGH ACQUISITION ACCOUNTING

* JCAP ESTIMATES FOR ORGANIC REVENUE GROWTH OF 10% IN FY19 ARE INCORRECT

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