Althea Group Holdings Ltd. (AU:AGH) has released an update.
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Althea Group Holdings has exceeded its annual placement capacity under ASX Listing Rules, resulting in the issuance of more shares than allowed due to a miscalculation. The company is now seeking shareholder approval to ratify the validly issued shares and has taken steps to ensure compliance in the future, including appointing a new Company Secretary and reviewing internal procedures. Althea also plans to lodge necessary documents following a Federal Court hearing and will issue options approved by shareholders within the designated timeframe.
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