Iress (ASX:IRE) denies media speculation from investment bank

Company News

by Melissa Darmawan

Market platform provider Iress (ASX:IRE) notes the media speculation today in The Australian Financial Review about market activity by investment bank Barrenjoey.

“Investment bank Barrenjoey is understood to have been looking for IRESS shares on behalf of a financial sponsor client”.

“Sources said the bank’s operatives were in the market talking to fund managers on Wednesday night, keen to see whether they could find as much as a 10 per cent stake in the company” said AFR

The financial software provider confirmed that it has not received any direct approach.

As a result, IRESS said that it is not able to comment further.

Shares in Iress (ASX:IRE) are trading 11.32 per cent higher at $12.19.