Earlypay (ASX:EPY) confirmed that its corporate adviser, Highbury Partnership, was helping with its strategic initiatives, following a media report, according to a Friday Australian bourse filing.
The company's board was said to have mandated Highbury Partnership, to seek bids for the business after its largest shareholder, COG Financial Services (ASX:COG) began considering the sale of its 21.4% stake, the Australian Financial Review reported Thursday, citing sources.
Earlypay's shares jumped almost 13% in early trading on Friday, while COG Financial Services surged 5%.
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