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Airtasker Limited (ASX:ART)

ALERT: Price-sensitive ASX Announcement for ART
Current share price for ART : $0.220 0.01 (4.76%)+
Announcement
Release
29 Jun 2026 9:51AM
Price at Release
$0.210
Full Release
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Summary
Airtasker Limited (ASX:ART) announced the early cash settlement of its media partnership notes with oOh!media Limited and ARN Media Limited. These notes, initially issued in 2024, were settled earlier than their 2-year term. The settlement involved a cash payment of $5,463,847 to oOh!media and $5,357,668 to ARN, including a combined reduction of $300,000 on the interest payable. The partnerships facilitated significant brand exposure and growth for Airtasker, yielding a 38.5% increase in brand salience and a 20% increase in Australian revenue over the relevant period. Airtasker CEO Tim Fung emphasized the success of these partnerships and expressed anticipation for future media collaborations.
Key Points
  • Airtasker settled media partnership notes with oOh!media and ARN.
  • Notes were originally issued for a 2-year term with a 5.8% coupon.
  • Early settlement resulted in a $300,000 interest reduction.
  • Partnerships increased Airtasker's brand salience by 38.5%.
  • Australian revenue grew by 20% over the partnership period.
  • CEO Tim Fung highlighted the success and future prospects.
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.