Phillip Britt Reduces Stake in Aussie Broadband to Fund Rural Fibre Project

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

Aussie Broadband Ltd. announced that Phillip Britt, a Non-Executive Director and Special Technical Advisor, has ceased to be a substantial holder in the company following a disposal of shares to fund commitments for his Rural Fibre Co in Gippsland, Victoria. Despite this change, Mr. Britt remains a significant shareholder and continues his roles within the company. The trading window for the company is currently closed until after the release of its financial results for the fiscal year ending June 2025.

The most recent analyst rating on (AU:ABB) stock is a Buy with a A$4.20 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 Ltd. operates in the telecommunications industry, providing internet services and infrastructure solutions. The company focuses on delivering broadband services across Australia, with a particular emphasis on community-oriented projects.

Average Trading Volume: 909,291

Technical Sentiment Signal: Buy

Current Market Cap: A$1.19B

Find detailed analytics on ABB stock on TipRanks’ Stock Analysis page.