Login
Nuix ‘confident’ amid ASIC probe
The ASX-listed tech company says it remains confident that it has complied with accounting and disclosure obligations, amid an investigation by the corporate watchdog.
Emma Musgrave
In late June, Nuix became aware of an application made by ASIC concerning an investigation in relation to former CFO Stephen Doyle, Ross Doyle and Ronald Doyle. Stephen Doyle’s employment at Nuix was terminated on 15 June.
At the time, Nuix cited it was not aware “of the precise nature of the investigation” though noted it would fully assist ASIC in its work.
On Tuesday (10 August), Nuix released an update to the market confirming it had “come to a fuller understanding” of the nature of the investigation “through ASIC notices issues to PwC...concerning potential contraventions of the Corporations Act”.
“Nuix understands that ASIC’s investigations relevantly concern: the financial statements of Nuix Limited for the period ending 30 June 2018, 30 June 2019 and 30 June 2020; Nuix’s prospectus dated 18 November 2020; and, Nuix’s market disclosure in the period between 4 December 2020 to 31 May 2021,” Nuix said.
“Nuix has not received any formal notification of an investigation from ASIC and remains confident that it has complied with its accounting and disclosure obligations.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
