Solicitors for Applicant
iSignthis Ltd (ISX) announced a FY19 EBIT guidance of $10.7 million on 28 November 2018. This was revised down to $6.5 million on 9 December 2019.
Gadens’ investigations are focused on:
• circumstances surrounding the EBIT guidance
• announcements regarding ISX’s revenue increase in FY18 and subsequent revenue decline in the six-month period to 31 December 2018
• circumstances surrounding the more than 336 million performance shares released to the directors or their interests.
Claims potentially available to ISX shareholders may include breach of continuous disclosure obligations, misleading and deceptive conduct, and breaches of directors’ duties.
Potential Class Members
Gadens invites any interested current and former shareholders of ISX to register their interest.