Webcentral Ltd (AU:5GN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
5G Networks Limited has appointed Hugh Robertson as an independent non-executive director, who will also become Chair following the company’s AGM. The company has terminated previously proposed sale agreements due to unmet conditions and shareholder opposition, opting instead to focus on strategic acquisitions supported by improved market conditions and a favorable tax position. Additionally, a potential buyback of up to 100 million shares is set to be proposed to shareholders, offering an alternative for those wishing to exit their holdings.
For further insights into AU:5GN stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Symbotic Craters 36% on Financial Misstatements and 10-K Filing Delay
- How Will Apple Be Affected by Google/DOJ Battle? Barclays Chimes In
- ‘Load Up Despite California’s EV Noise,’ Says Daniel Ives About Tesla Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.