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Covata extends share purchase plan, trading update scheduled

The company provides software related to data security.

data security concept
The software identifies, protects, and controls sensitive information in file sharing

Covata Ltd (ASX:CVT) has extended the closing date of its share purchase plan (SPP) underway to 5.00pm AEDT Friday 8 February 2019.

The SPP provides the opportunity for eligible shareholders to subscribe for up to $15,000 worth of shares each without incurring brokerage or other transaction costs.

Funds raised will be used to support Covata’s focus on Europe, ongoing digital marketing and lead generation campaigns for its SafeShare for International Trafficking in Arms Regulation (ITAR) product in the US and Europe.

Trading update to be revealed

Covata also noted that It intends to lode its quarterly report on or before January 31, 2019 and will provide a trading update based on its unaudited half-year results at the same time. 

Recently, Covata’s managing director & CEO Ted Pretty updated Proactive Investors on its product development, partnership with Germany-based dataglobal GmbH, and upcoming activities.

For the past six to seven months Covata has been doing its first major implementation with a large German customer that has over 300,000 users internationally.

Quick facts: Covata Ltd

Price: 0.015 AUD

ASX:CVT
Market: ASX
Market Cap: $10.1 m
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