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1-Page shareholder calls for new board, direction

One of 1-Page’s substantial shareholders, a subsidiary of Nedlands-based financial services firm Merchant Group, has called for the removal of the majority of the tech company’s board and a new direction for the business, after a year of poor performance on the share market.

The Silicon Valley-based online recruitment company listed on the ASX in late 2013, raising $8.5 million from investors at a price of 20 cents each.

1-Page shares were trading as high as $5.44 last year, however after a $50 million capital raising in October 2015 at a discounted $4.50 per share, the company’s stock plunged and has since failed to make a recovery.

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1-Page (1PG)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

06/03/15
$0 Bought
06/03/15
$0 Other
09/10/14
$25k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-1-Page$1.1m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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