EML answers Sydney market query on Irish regulatory issues
Company says it complied with rules on disclosure of price-sensitive information
about 2 hours ago
Updated: 36 minutes ago
Australian fintech EML Payments has answered queries from the Sydney stock exchange operator on the nature and timing of communications from the Central Bank of Ireland earlier this month on “significant regulatory concerns” surrounding its Irish unit.
The company said on Wednesday that it has complied with listing rules in relation to timely disclosures of the price-sensitive information.
Shares in EML tumbled 46 per cent last Wednesday as it revealed the Central Bank was investigating anti-money laundering and counter-terrorism concerns at Trim, Co Meath-based PFS Card Services (Ireland) Ltd, part of the Prepaid Financial Services (PFS) the Australian group bought last year.