Aussie Broadband Flags Exit of Director Phillip Britt and Details Share-Backed Loan

Aussie Broadband Ltd. ( (AU:ABB) ) has shared an announcement.

Aussie Broadband has notified the ASX that co-founder and managing director Phillip Britt has ceased to be a director of the company as of 24 March 2026, triggering a final disclosure of his interests. The filing outlines that Britt directly holds 898,435 options in the company and, through his entity Digital Interworks Pty Ltd, has an indirect interest in 11,284,734 ordinary shares.

The notice also details a Diversified Asset Loan Agreement between Digital Interworks and ANZ Bank, under which 4.5 million Aussie Broadband shares form part of the security for a community-focused fibre venture in the Gippsland region. The loan’s financial covenants could lead to the disposal of some or all of those secured shares if uncured breaches occur, a structure that may influence future share movements while leaving all 11,284,734 shares currently held by Digital Interworks.

The most recent analyst rating on (AU:ABB) stock is a Buy with a A$6.30 price target. To see the full list of analyst forecasts on Aussie Broadband Ltd. stock, see the AU:ABB Stock Forecast page.

More about Aussie Broadband Ltd.

Aussie Broadband Limited is an Australian telecommunications provider listed on the ASX that offers broadband and related connectivity services to residential, business and enterprise customers. The company operates in a competitive national market, leveraging its own network and partnerships to deliver internet and fibre-based solutions across Australia.

Average Trading Volume: 1,028,114

Technical Sentiment Signal: Buy

Current Market Cap: A$1.39B

For an in-depth examination of ABB stock, go to TipRanks’ Overview page.