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ABx Group Limited ( (AU:ABX) ) just unveiled an announcement.
ABx Group has disclosed that it inadvertently breached ASX Listing Rule 7.1 by issuing 100,000 convertible notes and 1.2 million options on 11 June 2025 without valid shareholder approval, because the securities were issued more than three months after the March 2025 shareholder meeting that approved them, violating the timing requirement under Listing Rule 7.3.4. The ASX has confirmed that this issue of 11.2 million securities cannot be ratified retrospectively, though the company stressed that the breach does not affect the validity of its recent share and option issues and arose from an interpretive error, and ABx has reviewed its governance and compliance procedures, concluding that its existing processes and external advisory arrangements remain adequate to ensure ongoing compliance with the listing rules.
The most recent analyst rating on (AU:ABX) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on ABx Group Limited stock, see the AU:ABX Stock Forecast page.
More about ABx Group Limited
ABx Group Limited is an Australian-listed company engaged in resource-related activities, with its securities traded on the ASX under the code ABX. The company raises capital through the issue of convertible notes and options to sophisticated, professional and other exempt investors, including both related and non-related parties, to fund its operations and growth initiatives.
Average Trading Volume: 2,464,434
Technical Sentiment Signal: Buy
Current Market Cap: A$27.94M
Learn more about ABX stock on TipRanks’ Stock Analysis page.