Doors are locked at two more of Victory Office’s city towers amid a catastrophic share price slump and cascade of eviction orders. | EXCLUSIVE
Doors are locked at two more of Victory Office’s city towers just days after the flexible workspace provider’s chairman, former Victorian premier Steve Bracks, quit his post amid a catastrophic share price slump and cascade of eviction orders.
The group’s shares are taking a battering, slumping 80 per cent over the last 12 months, down from a peak of around $2.14 in 2019 to 4.7¢ now. Victory was one of the first major companies that Bracks joined, but in a notice to the ASX last week, the inaugural chairman stepped down as did non-executive director Kelly Humphreys, who only joined in November last year.Advertisement, said the lease at Victory’s Barangaroo premises was terminated at 5pm on Thursday, May 26.Tenants found they were locked out when they went to the offices on Friday morning and couldn’t access the floor.
“We understand that many of the occupants were shocked and upset at discovering their situation, and we are working with them to finalise their individual vacancy arrangements to minimise disruption to their businesses.”
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