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Norwood Systems chief executive Paul Ostergaard.

Monteray raises $5.5m for Norwood takeover

The company behind the reverse takeover of local cloud-based technology company Norwood Systems has raised $5.5 million in an oversubscribed share offer.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
462ndVDM Group0%-41%
594thrent.com.au-23%-56%
652ndNorwood Systems-33%-4%
660thDropsuite-34%126%
803rdSchrole-73%0%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/12/17
$0 Issued
15/12/17
$0 Issued
15/12/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

132nd↑rent.com.au$1.7m
133rd-Schrole$1.6m
134th↓Norwood Systems$1.6m
135th-Dropsuite$1.4m
136th↓VDM Group$1.4m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Norwood Systems

13thPaul Ostergaard$2.233m
63rdDavid Wilson$1.044m
292ndMichael Edwards$361k
Ranked by total remuneration from all listed WA companies

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