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Love Group Global Ltd (ASX:LVE)

ALERT: Price-sensitive ASX Announcement for LVE
Current share price for LVE : $0.090 -0.025 (-21.74%)+
Announcement
Release
25 Aug 2025 9:34AM
Price at Release
$0.115
Full Release
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Summary
Love Group Global Ltd (LVE) has announced a proposed return of capital to its shareholders. The proposal involves a capital reduction by way of an equal capital return, returning approximately A$7.15 million in aggregate to eligible shareholders, equating to A$0.045 per ordinary share. The purpose of the return is to distribute surplus capital following the completion of the sale of the company's online dating business. The return of capital is subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for 15 July 2024. The company believes the proposed return is in the best interests of shareholders after considering its ongoing capital requirements. The Board recommends that shareholders vote in favour of the proposal, affirming that the company will still have sufficient assets to meet its liabilities after the return of capital.
Key Points
  • Love Group Global Ltd proposes an equal capital return of approximately A$7.15 million (A$0.045 per share) to eligible shareholders.
  • The capital return follows the successful divestment of the company's online dating business.
  • The proposed capital return is subject to shareholder approval at an EGM on 15 July 2024.
  • The Board believes the return of capital is in the best interests of shareholders and that the company will remain solvent.
  • Shareholders are encouraged to vote in favour of the proposed capital return.
  • The distribution will only be made to shareholders on the record date, with details provided in the Notice of Meeting.
  • The document outlines the rationale, process, and impacts of the proposed capital return.
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.