LONDON (Alliance News) - Dual-listed Australian telecommunications software company eServGlobal Ltd on Wednesday confirmed it is in the final stages of negotiation of a large contract, after noting a recent rise in its share price.
The company's shares closed up 37% on the Australian Securities Exchange at AUD0.112 Wednesday, whilst their shares in London were down 0.8% at 5.95 pence Wednesday morning, having risen to 6.50p earlier in the session.
eServGlobal said that there can be no certainty at this stage that the contract will be signed, but if successful, this contract will not increase its current guidance to the market. It is not aware of any other explanation for the rise in its share price, it said.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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