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DataWorks Group Limited (ASX:DWG)

ALERT: Price-sensitive ASX Announcement for DWG
Current share price for DWG : $0.115 -0.04 (-25.81%)+
Announcement
Release
3 Jul 2026 2:42PM
Price at Release
$0.155
Full Release
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Summary
DataWorks Group Limited announced the establishment of a $1.5 million unsecured working capital facility to enhance its short-term liquidity and financial flexibility. This facility will support the company's ongoing customer programs, business development activities, and potential new commercial opportunities. The funds, provided by Stroud Agricultural Company Pty Ltd as trustee for the Vernon Trust, will bear interest at 18% per annum and are repayable in full at maturity or earlier repayment. This initiative aligns with DataWorks' strategy to strengthen its commercial growth and delivery capabilities without compromising equity or providing security over its business.
Key Points
  • Dataworks Group Limited has established a $1.5 million unsecured working capital facility.
  • The facility is aimed at enhancing short-term liquidity and financial flexibility.
  • Funds will support customer programs, commercial initiatives, and new opportunities.
  • The facility, unsecured, has no equity conversion rights, options, or warrants.
  • Interest on the facility is at 18% per annum, repayable at maturity or earlier.
  • Provided by Stroud Agricultural Company Pty Ltd as trustee for the Vernon Trust.
  • The facility supports Dataworks' strategy for commercial growth and delivery.
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.