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Adslot Ltd (ASX:ADS)

ALERT: Price-sensitive ASX Announcement for ADS
Current share price for ADS : $0.001 0 (0%)+
Announcement
Release
22 Jul 2026 10:19AM
Price at Release
$0.001
Full Release
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Summary
Adslot Ltd announced an update regarding its wholly owned subsidiary, Adslot Technologies Pty Limited (ADT). The company had previously appointed Shabnam Amirbeaggi as the voluntary administrator for ADT, and in a recent meeting, creditors voted to execute a Deed of Company Arrangement (DOCA). Under the DOCA, cash collected during the administration will be used to satisfy debts of non-related creditors on a pro rata basis, excluding Adslot Limited and related entities. Control of ADT will revert to its sole director, and the company will continue trading under the DOCA. Upon completion, full control will return to Adslot Limited as 100% shareholder, terminating the deed administration. The Adslot Technology Platform remains under ADT's control and is returned to the group. The process is expected to last approximately seven months, and Adslot Ltd will continue to update the market as required.
Key Points
  • Creditors voted to execute a Deed of Company Arrangement (DOCA).
  • Cash collected during administration will satisfy non-related creditors.
  • Adslot Limited and related entities excluded from distribution of funds.
  • Control of ADT to revert to its sole director during DOCA.
  • Full control will return to Adslot Limited after DOCA completion.
  • The Adslot Technology Platform remains under ADT's control.
  • Process expected to last approximately seven months.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.