BUZZ-Australia's Beam Communications surges on resolving legal dispute

Reuters

01/27

BUZZ-Australia's <a href="https://laohu8.com/S/BCCHF">Beam Communications</a> surges on resolving legal dispute

** Shares of Beam Communications Holdings BCC.AX rise as much as 77.8% to A$0.16, hitting their highest level since August 19

** Stock logs largest intraday pct gain since late October 2016

** Communications tech firm says it received lump sum payment of $9.03 million from Roadpost after resolution of all remaining matters on co's divestment of Zoleo

** Says payment comprises $2.53 million in settlement proceeds and $6.5 million from co's stake sale in Zoleo

** More than 13.8 million shares change hands, 17.8 times the 30-day average

** Stock rose 30.8% last year

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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