Vonex Limited (AU:VN8) has released an update.
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In a significant move, Vonex Limited’s Director Jason Gomersall sold approximately 26.76 million shares as part of MaxoTel’s on-market takeover offer, indicating strong support for the acquisition. Despite the sale, Gomersall retains a substantial stake and plans to vote in favor of the proposed resolution. This development marks a pivotal moment in Vonex’s strategic journey as it aligns with MaxoTel’s ambitions.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.