- Amaero International (3DA) has begun a study of “strategic alternatives” to enhance shareholder value, enlisting the assistance of global investment and advisory firm Guggenheim Securities in the process
- Amaero says the timeline and ultimate outcome of the process is uncertain, and have provided no assurance the exploration process will result in any transaction
- However, the company have assured its operations and research activities will continue in Australia, with the construction of its titanium powder plant in Victoria remaining on track with further expansions planned for 2023
- 3DA shares are down 4.76 per cent, trading at 20 cents
Amaero International (3DA) has begun a study of “strategic alternatives” to enhance shareholder value, enlisting the assistance of global investment and advisory firm Guggenheim Securities in the process.
Amaero said the goal of the strategic evaluation is to ensure the company is taking every step possible to maximise value for shareholders.
Amaero Chair David Hanna believes this is a “significant step” for the company.
“The Board and management believe that the Company’s growth prospects remain incredibly strong in the rapidly evolving 3D/Additive Manufacturing market,” he said.
Amaero said the timeline and ultimate outcome of the process are uncertain and have provided no assurance that the exploration process will result in any transaction.
The company has not set a timetable for completion nor made any decisions related to the strategic alternatives.
However, Amaero has assured its operations and research activities will continue in Australia, with the construction of its titanium powder plant in Victoria remains on track with further expansion planned for 2023.
In light of this announcement, 3DA shares were down 4.76 per cent, trading at 20 cents at 1:00 pm AEDT.