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Swoop Holdings Faces Director Removal Proposal

Story Highlights
  • Swoop provides data, mobile, and voice services with a focus on fibre and wireless infrastructure.
  • A major shareholder seeks to remove a director, prompting Swoop to review and respond legally.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Swoop Holdings Faces Director Removal Proposal

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Swoop Holdings Limited ( (AU:SWP) ) has provided an update.

Swoop Holdings Limited has received a notice from N & J Enterprises (WA) Pty Ltd, a significant shareholder, indicating their intention to propose the removal of director William Reid at an upcoming general meeting. The company is reviewing the notice and will adhere to its legal obligations, keeping shareholders informed as required.

The most recent analyst rating on (AU:SWP) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Swoop Holdings Limited stock, see the AU:SWP Stock Forecast page.

More about Swoop Holdings Limited

Swoop is a national provider of data, mobile, and voice services to channel, business, and residential customers, focusing on its own fibre and fixed wireless infrastructure. The company aims to become Australia’s leading challenger in the internet and telecommunications sector by delivering ultra-reliable, high throughput, and flexible telecom network services.

Average Trading Volume: 98,067

Technical Sentiment Signal: Sell

Current Market Cap: A$32.17M

For detailed information about SWP stock, go to TipRanks’ Stock Analysis page.

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