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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.