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Redbubble ( (AU:ATG) ) has issued an update.
Articore Group Limited’s Board has advised shareholders to vote against resolutions proposed by certain shareholders to replace the entire Board at an upcoming Extraordinary General Meeting (EGM). The Board argues that the proposed changes would disrupt the company’s positive momentum and are unnecessary given the recent strategic and leadership advancements. The Board has been actively engaging with the requisitioning shareholders to avoid the EGM, but these efforts have not been reciprocated. The Board emphasizes the importance of maintaining continuity and expertise, especially given the company’s global operations, and highlights the lack of a clear alternative strategy from the requisitioning shareholders.
The most recent analyst rating on (AU:ATG) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Redbubble stock, see the AU:ATG Stock Forecast page.
More about Redbubble
Articore Group Limited operates in the digital and e-commerce industry, focusing on global marketplaces with a significant portion of its revenue generated outside Australia. The company has been undergoing a strategic renewal of its board and executive team to enhance its operational and financial performance.
Average Trading Volume: 430,248
Technical Sentiment Signal: Sell
Current Market Cap: A$55.2M
Learn more about ATG stock on TipRanks’ Stock Analysis page.