Bulletproof enters trading halt

Bulletproof enters trading halt

Readies for pending takeover

Bulletproof Group Limited (ASX:BPF), has entered a trading halt pending news from the company of a takeover.

The company said it intends to make the announcement before ASX trading begins on September 17.

According to a company statement, the trading halt is necessary for Bulletproof to consider the potential for an acquisition.

The company has requested that the trading halt remain in place until the morning of September 17.

Bulletproof had a strong financial showing in 2015, thanks to key customer wins such as Rabobank, Hyundai, Qantas, Amaysim and Inchcape.

The Cloud services provider saw its revenue grow 59 per cent to $29.2 million and net profit of $4.4 million.

The identity of a potential buyer for the ASX-listed company is not yet known.

More to come...

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Tags CloudQantasASXHyundaiamaysimBulletProofRabobank


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