Task completes reverse takeover of Plexure; shifts primary listing to ASX

Mon, 22 Aug 2022

Plexure will shift its primary listing to the Australian stock exchange and be renamed Task Group Holdings, completing a reverse takeover that began last August. Plexure acquired the Australia-based business Task for A$90 million (NZ$100m) of new shares and A$30m in cash in August last year.While technically an acquisition, Task executives took over management of the group and one analyst described it as a ‘reverse takeover’.Now, the company is refreshing its board and renaming the business to reflect the new direction.It will...

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