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Merino & Co Limited ( (AU:MNC) ) just unveiled an update.
Merino & Co Limited has admitted that several recent change-of-director-interest notices were lodged late with the Australian Securities Exchange due to an administrative oversight that delayed confirmation of securities allotments. The company said it has reminded its board of the need for prompt reporting of changes in directors’ interests and believes the delay was a one-off issue.
To strengthen its compliance processes, Merino & Co will now have its company secretary notified directly by the share registry of all securities allotments for review. The company maintains that its existing arrangements under ASX Listing Rules remain adequate and that the added step should help prevent future timing issues and reassure market regulators and investors about its governance controls.
More about Merino & Co Limited
Merino & Co Limited is an Australian listed company, with its securities traded on the Australian Securities Exchange. The company is subject to ASX continuous disclosure and director interest reporting rules, including the requirement to lodge timely notices of changes in directors’ holdings.
Average Trading Volume: 6,628
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.85M
For detailed information about MNC stock, go to TipRanks’ Stock Analysis page.