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Cirralto halted with news pending of business payments agreement with VISA and a capital raising

Published: 14:26 26 Nov 2020 AEDT

Cirralto -
The company recently appointed a new chief financial officer to the team

Cirralto Ltd (ASX:CRO) is in a trading halt pending an announcement in relation to the execution of a business payments solution provider (BPSP) agreement with VISA as well as a capital raising.

The company’s securities will remain halted until the beginning of regular ASX trading on Monday, November 30, or when an announcement is released to the market, whichever occurs earliest.

New appointment

Cirralto has recently strengthened its senior management personnel with the appointment of Richard Jarvis as chief financial officer (CFO).

Jarvis is a qualified chartered certified accountant with more than 20 years’ experience in professional accountancy and finance leadership roles.,

He has held senior managerial roles, including acting as CFO, for a number of publicly-listed companies with international operations, listed on the ASX, AIM market of the London Stock Exchange and TSX-V.

The appointment follows an exhaustive external search to find a CFO that best aligned with Cirrato’s requirements.

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