Sovereign Cloud Holdings Ltd. (AU:SOV) has released an update.
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Sovereign Cloud Holdings Ltd announced its Annual General Meeting scheduled for 21 October 2024 and a placement agreement to issue additional shares to CEO Peter Maloney, subject to shareholder approval. This move aims to align Maloney’s shareholding with other shareholders following an underwritten entitlement offer. The company, a specialist in sovereign cloud infrastructure and cybersecurity services, is set to seek approval for this share issuance at the 2025 AGM.
For further insights into AU:SOV stock, check out TipRanks’ Stock Analysis page.