Arrow Minerals Limited ( (AU:AMD) ) just unveiled an update.
Arrow Minerals Limited, a company listed on the ASX, has identified a breach of ASX Listing Rule 10.11 due to an inadvertent share acquisition by Non-Executive Director Chris Tuckwell. The breach occurred when Tuckwell acquired shares under Tranche 1 of a recent placement without prior shareholder approval. To rectify this, the company has instructed the sale of these shares on the market, with any profits to be donated to charity. Arrow Minerals is also undertaking a review of its administrative policies to prevent future compliance issues.
More about Arrow Minerals Limited
YTD Price Performance: -11.11%
Average Trading Volume: 2,770,175
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$26.26M
Learn more about AMD stock on TipRanks’ Stock Analysis page.