Adisyn Ltd (ASX:AI1) Responds to ASX Query on Trading Activity

Response to ASX Query

Adisyn Ltd (ASX: AI1) has responded to an ASX query regarding significant trading activity observed in its securities. The company confirms it is aware of the recent increase in both price and volume but states that the ongoing negotiations regarding the divestment of its Miner Hosting Business are not a contributing factor to the recent trading fluctuations.

Divestment Details

The divestment of the Miner Hosting Business has been previously disclosed in multiple announcements. Adisyn Ltd clarified that while the divestment negotiations are progressing, they are not yet formalised in a binding agreement. Consequently, the company does not believe these negotiations have had a material effect on the price or value of its securities.

Compliance Assurance

Adisyn Ltd confirmed its adherence to the ASX Listing Rules, stating that its disclosures have been approved under its continuous disclosure policy. The company maintains that all responses provided were authorised by its board or delegated authority, ensuring transparency with investors and the market.

Executive Comments

Ms Kyla Garic, Company Secretary of Adisyn Ltd, stated, “We are committed to keeping our shareholders informed and assure them that the divestment discussions are part of our strategic direction.”

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