• BTI provided background information on a potential transaction to the Australian Financial Review
• The transaction was not complete at the time and was subject to conditions
• BTI acknowledges the release was not strictly consistent with Listing Rule 15.7
• BTI will update internal processes to refrain from releasing price-sensitive information to media before ASX announcement

Bailador Technology Investments Ltd (BTI) has responded to an ASX compliance letter regarding the disclosure of information about a potential transaction to the media prior to the announcement being made to the ASX. BTI confirmed that it had provided background information on the potential transaction to the Australian Financial Review, however, at the time the information was provided, the transaction was not complete and was subject to a number of conditions. BTI acknowledged that the release of this information to the media was not strictly consistent with Listing Rule 15.7, which prohibits the release of information to any person before it is provided to the ASX. BTI stated that it takes its disclosure obligations seriously and maintains an ASX-first release policy, but on this occasion, its actions were not fully aligned with the listing rules. In response, BTI has committed to updating its internal processes to ensure that it will refrain from releasing price-sensitive information to the media or any other party before the information is first released to the ASX.