The Afterpay Touch Group will defer the retail share purchase plan

Company News

by Rachael Jones

The Afterpay Touch Group (ASX:APT) will defer the share purchase plan announced two weeks ago as the await the outcome of the final external audit report requested by AUSTRAC.

Afterpay has given AUSTRAC three candidates and set up a sub-committee chaired by Elana Rubin.

The Afterpay Board will retain ultimate oversight of the Company's anti-money laundering and counter-terrorism financing compliance."

The company raised $300 million from institutional investors and was planning to raise a further $30 million from retail shareholders through an SPP priced at $23 with a cap of $30 per share.

Shares in Afterpay Touch Group (ASX:APT) are trading 3.3 per cent higher at $26.58.