NEARMAP RESPONDS TO ERRONEOUS SHORT SELLER REPORT
Nearmap Ltd (NEA:ASX) is aware of a recent report by short-seller firmJ Capital Research Limited (“the Report”). The Report contains many inaccurate statements and makes unsubstantiated allegations of a very serious nature.
The Report was created without prior consultation or discussion withNearmap and follows a pattern of overseas domiciled funds making speculative claimsin order to generate uncertainty through adverse publicity and directly profit fromsuch claims. Nearmap has reviewed and rejects the Report.
The consistency and fullness of Nearmap’s market disclosures ensures market participants have a great deal of information against which to assess the merit, or lack thereof, of claims such as those in the Report. Nearmap is in compliance with its continuous disclosure obligations and the Company remains highly confident and committed to its long-term strategy and outlook.
Nearmap does not wish to engage in detail with each individual erroneous, self-serving and unsubstantiated opinion contained within the Report and therefore will only focus on addressing the Report’s key factual misstatements(“False Claims”)
Nearmap Ltd (NEA:ASX) is aware of a recent report by short-seller firmJ Capital Research Limited (“the Report”). The Report contains many inaccurate statements and makes unsubstantiated allegations of a very serious nature. The Report was created without prior consultation or discussion withNearmap and follows a pattern of overseas domiciled funds making speculative claimsin order to generate uncertainty through adverse publicity and directly profit fromsuch claims. Nearmap has reviewed and rejects the Report. The consistency and fullness of Nearmap’s market disclosures ensures market participants have a great deal of information against which to assess the merit, or lack thereof, of claims such as those in the Report. Nearmap is in compliance with its continuous disclosure obligations and the Company remains highly confident and committed to its long-term strategy and outlook. Nearmap does not wish to engage in detail with each individual erroneous, self-serving and unsubstantiated opinion contained within the Report and therefore will only focus on addressing the Report’s key factual misstatements(“False Claims”)
