TechnologyOne Responds to Shareholder Enquiries - AFR report on GMT Research

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    BRISBANE, 13 July 2020 – TechnologyOne notes a research report was published by GMT
    Research that makes claims about the company’s audited results, which was quoted in the
    Australian Financial Review (AFR) today.
    GMT Research spent only 30 minutes with us, so we are very surprised with their limited
    knowledge that they would have published a report in the first place, and more importantly
    without verifying the accuracy of the report with us. TechnologyOne was at no time shown
    the report.
    TechnologyOne confirms that the claims made in the AFR by GMT Research are false and
    misleading.
    TechnologyOne unreservedly stands 100% behind our Audited Accounts as being a true and
    accurate reflection of our business over the last 21 years.
    TechnologyOne will refer this matter to Australian Securities and Investment Commission
    (ASIC).
    TechnologyOne has provided Guidance for the full year and remains committed to this
    guidance.

    courtesy of Bell Direct
    ============================================================================

    ( DYOR )

    i hold TNE (' free-carried ' )

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