Response to ASX Aware Letter
| Stock | Wisetech Global Ltd (WTC.ASX) |
|---|---|
| Release Time | 24 Feb 2025, 1:09 p.m. |
| Price Sensitive | Yes |
WiseTech Global Responds to ASX Aware Letter
- Key terms of Richard White's consulting arrangement announced in October 2024
- Formal written agreement still being finalized, but operating in line with announced terms
- No material variation to the key terms since the October 2024 announcement
WiseTech Global Limited (WTC) has provided responses to an ASX query letter regarding the details of Richard White's new consulting role as Founder and Founding CEO, which was announced in October 2024. WTC stated that the key terms of the role were announced at that time, including that White would commence a new full-time, long-term consulting role when he returned from leave, and the details of the arrangement such as compensation and reporting structure. WTC noted that the fuller details of this engagement, either via a consultancy agreement or by amending White's pre-existing employment contract, were still being finalized, but that both the company and White have been operating broadly in accordance with the announced terms. WTC confirmed there has been no material variation to the key terms of the arrangement between WTC and White from what was disclosed in the October 2024 announcement. WTC also provided details on its market disclosure and compliance procedures to ensure it meets its obligations under the ASX Listing Rules.