Althea Group Holdings Ltd. (AU:AGH) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Althea Group Holdings has exceeded its annual placement capacity under ASX Listing Rules, resulting in the issuance of more shares than allowed due to a miscalculation. The company is now seeking shareholder approval to ratify the validly issued shares and has taken steps to ensure compliance in the future, including appointing a new Company Secretary and reviewing internal procedures. Althea also plans to lodge necessary documents following a Federal Court hearing and will issue options approved by shareholders within the designated timeframe.
For further insights into AU:AGH stock, check out TipRanks’ Stock Analysis page.