iSignthis shareholders vote to leave ASX
A vote at iSignthis’ (ASX: ISX) AGM on Friday proved it isn’t just the company’s directors who have a problem with the ASX, but 87 per cent of shareholders who want the fintech depart from the country’s predominant stock exchange.
The payment identity verification technology group’s CEO John Karantzis has been at loggerheads with the ASX since iSignthis was suspended from trading in October 2019.
Since then the ASX has repeatedly expressed its displeasure with iSignthis’ responses to queries, including its issuance of performance rights and a processing suspension with Visa.
The acrimonious exchanges between the two entities have led to several occasions of the ASX threatening to remove iSignthis from listing, but now the Melbourne-based company appears to be heading down that track of its own accord.
iSignthis also has a major stake in the National Stock Exchange of Australia (ASX: NSX), now headed up by Karantzis with a joint venture called ClearPay aimed at creating a same-day settlement platform akin to an “Australian version of NASDAQ”.
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