Amaero International (ASX:3DA) - CEO, Barrie Finnin
CEO, Barrie Finnin
Source: Amaero International
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Amaero International (3DA) has begun a study of “strategic alternatives” to enhance shareholder value, enlisting the assistance of global investment and advisory firm Guggenheim Securities in the process
  • Amaero says the timeline and ultimate outcome of the process is uncertain, and have provided no assurance the exploration process will result in any transaction
  • However, the company have assured its operations and research activities will continue in Australia, with the construction of its titanium powder plant in Victoria remaining on track with further expansions planned for 2023
  • 3DA shares are down 4.76 per cent, trading at 20 cents

Amaero International (3DA) has begun a study of “strategic alternatives” to enhance shareholder value, enlisting the assistance of global investment and advisory firm Guggenheim Securities in the process.

Amaero said the goal of the strategic evaluation is to ensure the company is taking every step possible to maximise value for shareholders.

Amaero Chair David Hanna believes this is a “significant step” for the company.

“The Board and management believe that the Company’s growth prospects remain incredibly strong in the rapidly evolving 3D/Additive Manufacturing market,” he said.

Amaero said the timeline and ultimate outcome of the process are uncertain and have provided no assurance that the exploration process will result in any transaction.

The company has not set a timetable for completion nor made any decisions related to the strategic alternatives.

However, Amaero has assured its operations and research activities will continue in Australia, with the construction of its titanium powder plant in Victoria remains on track with further expansion planned for 2023.

In light of this announcement, 3DA shares were down 4.76 per cent, trading at 20 cents at 1:00 pm AEDT.

3DA by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…