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ReadCloud Ltd. ( (AU:RCL) ) has issued an update.
ReadCloud Limited held its 2025 Annual General Meeting where various resolutions were put to vote. The resolutions included the adoption of the remuneration report, re-election of directors Jonathan Isaacs and Lars Lindstrom, renewal of the employee incentive plan, and approval of a 10% placement facility. All resolutions were carried except for the 10% placement facility, which was not approved. This outcome maintains the current board structure and employee incentive plans, but limits the company’s ability to issue additional shares, which could impact its capital raising flexibility.
More about ReadCloud Ltd.
ReadCloud Limited operates in the education technology sector, providing digital learning solutions that focus on enhancing the delivery of educational content. The company is known for its cloud-based platform that integrates digital textbooks and resources for schools and educational institutions.
YTD Price Performance: 18.75%
Average Trading Volume: 75,169
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$14.03M
For a thorough assessment of RCL stock, go to TipRanks’ Stock Analysis page.
