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Universal Store Holdings Ltd Announces Correction and CEO Share Sale

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Universal Store Holdings Ltd Announces Correction and CEO Share Sale

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Universal Store Holdings Ltd. ( (AU:UNI) ) has shared an announcement.

Universal Store Holdings Ltd announced a correction to a previous announcement regarding a typographical error in the date of its half-year results release. Additionally, the company disclosed that its CEO, Alice Barbery, sold 350,000 ordinary shares to fund a new home, while still retaining a significant number of shares and performance rights. This sale is not expected to impact the company’s operations or strategic direction.

More about Universal Store Holdings Ltd.

Universal Store Holdings Ltd (ASX: UNI) is a company that owns a portfolio of premium youth fashion brands and operates omni-channel retail and wholesale businesses. Its principal businesses include Universal Store and CTC, trading under brands such as THRILLS and Worship. The company operates 109 physical stores across Australia and targets fashion-focused customers aged 16-35.

YTD Price Performance: -8.25%

Average Trading Volume: 134,974

Technical Sentiment Signal: Sell

Current Market Cap: A$599.2M

For a thorough assessment of UNI stock, go to TipRanks’ Stock Analysis page.

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