Telecom and IT company, Over The Wire Holdings
(ASX:OTW) published the results of its AGM last night.
John Puttick and Catherine Aston were re-elected to the Board.
Shareholders also approved a facility agreement for the acquisition of J2 Australia Cloud Connect and Zintel Communications.
The $36 million acquisition is fully funded from the company’s cash reserves and a debt facility with Westpac.
Completion is expected to take place on 31 August 2020.
Shares in Over The Wire Holdings
(ASX:OTW) closed 1.57 per cent higher at $4.52 yesterday.
