As announced to the Australian Stock Exchange on August 6 2018, we have engaged PwC Australia to assist us in conducting a review of the strategic options available to our Company, which includes assessing the potential sale, joint venture or merger of our company with or to a larger organisation that can expedite growth.
The strategic review is a review of the various strategic options available to the company to maximise value for its shareholders. PwC has been engaged to assist with this.
The review is being undertaken with four potential outcomes in mind. These include:
Energy Action continues to trade profitably, has reduced debt by $3m in FY18, and is experiencing strong demand for its full-service energy management solutions as a result of current energy market conditions.
Given this demand, and Energy Action’s uniquely scalable business model across its client base of thousands of Australian businesses, the Board believes it is the right time to assess all viable options to accelerate growth and capitalise on the company’s favourable market position.