Daily Roundup

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RPMGlobal Completes Advisory Division Divestment

RPMGlobal Holdings Limited has completed the divestment of its Advisory division to SLR Consulting Pty Ltd. The company has received the divestment consideration and will now seek an ATO ruling to distribute the proceeds to shareholders through a Capital Return.

Biome Reports Strong Sales Revenue for Q3 FY25

Biome Australia Ltd has reported a 41% growth in quarterly sales revenue to around $4.5 million for Q3 FY25. The company's financial year to date sales revenue has reached approximately $13.4 million, up 46% compared to the prior corresponding period. Biome was also awarded the Terry White Chemmart retail supplier of the year award, reinforcing its strong sales growth and service in the community pharmacy industry. The company expects to report another quarter of positive EBITDA for Q3 FY25 and is well-positioned for significant growth in the upcoming June quarter.

Karoon Provides Bauna Project Update

Karoon Energy has provided an update on its Bauna Project in Brazil. The company has successfully completed the SPS-88 well intervention, with the well resuming production ahead of schedule. The Bauna Project has also recommenced production, with output above pre-shutdown levels. Karoon is conducting a flotel campaign to reduce the maintenance backlog and improve the FPSO's reliability, which is expected to have a positive impact on production outcomes.

Playside Studios Announces Temporary Trading Pause

Playside Studios Ltd has announced a temporary pause in trading of its securities on the ASX, pending a further announcement from the company. The reason for the trading pause has not been disclosed.

Playside Studios Announces Operational Restructure

Playside Studios is conducting an operational restructure, largely within its Work for Hire teams and non-project specific workforce, to optimize its cost base and ensure sustainable growth. The restructure is in response to delays in winning anticipated Work for Hire contracts, but the company's progress on its major Original IP projects remains unaffected. The proposed redundancies are expected to deliver $4-5 million in annual cost savings.

Court Approves Convening of Scheme Meeting

Dropsuite Ltd (ASX:DSE) has announced that the Federal Court has approved the convening of a Scheme Meeting for shareholders to vote on the proposed acquisition of Dropsuite by NinjaOne Australia Pty Ltd. The Independent Expert has concluded that the Scheme is fair and reasonable and in the best interests of shareholders, and the Dropsuite Directors unanimously recommend that shareholders vote in favor of the Scheme.

Scheme Booklet Registered with ASIC

Dropsuite Ltd has registered the Scheme Booklet with ASIC for the proposed acquisition of the company by NinjaOne Australia Pty Ltd. The Independent Expert has concluded that the Scheme is fair and reasonable, and the Dropsuite Directors unanimously recommend that shareholders vote in favor of the Scheme.