Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
Technology group Adapt IT has published results for the financial year ended June 2019, showing a decline in headline earnings, despite revenue improving by 14% to R1.45 billion.
The JSE-listed software services group reported a rare slide in profitability for the year ended 30 June 2019 and has deferred a decision on a dividend payment to shareholders to the end of the year.
Shares in listed software business Adapt IT fell 10% in morning trade on the Johannesburg Stock Exchange (JSE) on Tuesday (1 October), after the company warned of a decline in earnings.
Listed software group Adapt IT has delayed publication of its annual results to mid-October and warned of a fall in headline earnings per share.