Tissue Repair Ltd (AU:TRP) has released an update.
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Tissue Repair Ltd has avoided a potential boardroom shake-up after the Takeovers Panel declined to conduct proceedings, accepting an undertaking from key shareholder Spark Capital and co-founder Mr. Charara. The dispute began over a failed attempt by Mr. Charara and Spark Capital, who hold a controlling interest, to push for the removal and replacement of certain TRP directors. The Panel’s decision came after assurances that no actions would be taken towards these board changes or towards delisting the company from the ASX.
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