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Vinyl Group Secures Federal Court Approval for Cleansing Notices

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Vinyl Group Secures Federal Court Approval for Cleansing Notices

Confident Investing Starts Here:

Jaxsta Limited ( (AU:VNL) ) has provided an announcement.

Vinyl Group Ltd has received a favorable ruling from the Federal Court regarding its failure to lodge cleansing notices for certain share issues. The court has granted an extension for the issuance of these notices, ensuring the shares remain freely tradeable. This resolution allows Vinyl Group to maintain its trading activities without disruption, reinforcing its operational stability and compliance with regulatory requirements.

More about Jaxsta Limited

Vinyl Group Ltd operates within the music industry, providing technology and media solutions that connect music creators, fans, and brands. Its diverse portfolio includes Vinyl.com, an e-commerce platform; Vampr, a social-professional network; Jaxsta, a music credits database; and Serenade, a Web3 platform for collectibles. The company also has a publishing arm, Vinyl Media, which operates several media outlets and licenses well-known mastheads in Australia.

Average Trading Volume: 1,008,518

Technical Sentiment Signal: Buy

Current Market Cap: A$163.7M

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

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