Investor Relations - News

Increase In Paid-Up Capital Of MTQ Holdings Pty Ltd

The Board of Directors of MTQ Corporation Limited (the "Company" or "MTQ) is pleased to announce that it has today subscribed for an additional 3,000,000 ordinary shares of A$1.00 par value for cash in its wholly-owned subsidiary, MTQ Holdings Pty Ltd ("MTQ Holdings"), to increase its capital base. The paid-up capital of MTQ Holdings after this transaction is A$3,000,002.00.

The transaction has been funded by internal resources.

None of the Directors and substantial shareholders of the Company has any interest direct or indirect, in the transaction.

The transaction is not expected to have a material impact on the consolidated net tangible assets per share and earning per share of MTQ for the current financial year.