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Mount Hope Mining Blames Admin Error for Late Director Interest Disclosures

Story Highlights
  • Mount Hope Mining says late director interest notices stemmed from an administrative oversight, not non-disclosure.
  • The company maintains its disclosure controls are adequate and views the delayed filings as an isolated compliance lapse.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mount Hope Mining Blames Admin Error for Late Director Interest Disclosures

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Mount Hope Mining Ltd. ( (AU:MHM) ) has shared an update.

Mount Hope Mining Limited has told the ASX that a series of Change of Director’s Interest notices (Appendix 3Y) for three directors were lodged late due to an administrative oversight, rather than any failure by directors to report their dealings. The company said its directors understand their obligations under Listing Rule 3.19A, that systems are in place to monitor changes in directors’ interests, and that the market had been informed of the underlying share issues via earlier Appendix 3G filings; it views the late lodgement as an isolated incident and does not plan further compliance measures, amid ASX concerns that the delay may constitute a breach of disclosure rules and related Corporations Act provisions.

More about Mount Hope Mining Ltd.

Mount Hope Mining Limited (ASX: MHM) is an Australian-listed mining company operating in the resources sector and subject to ASX continuous disclosure and corporate governance requirements, including director interest reporting under the ASX Listing Rules.

Average Trading Volume: 470,530

Technical Sentiment Signal: Strong Buy

Learn more about MHM stock on TipRanks’ Stock Analysis page.

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