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Austal ( (AU:ASB) ) has issued an announcement.
Austal Limited has issued an addendum to its Notice of Meeting for the 2025 Annual General Meeting, introducing a new Resolution 11. This resolution seeks shareholder approval to refresh the company’s 15% placement capacity, which is a common practice among ASX-listed companies to maintain flexibility for future capital requirements and strategic opportunities. The addendum includes a replacement proxy form to ensure shareholders can vote on this additional resolution.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$7.07 price target. To see the full list of analyst forecasts on Austal stock, see the AU:ASB Stock Forecast page.
More about Austal
Austal Limited is a company operating in the shipbuilding industry, primarily focused on the design, construction, and support of defense and commercial vessels. The company is known for its innovative ship designs and has a significant presence in the global maritime market.
Average Trading Volume: 1,375,990
Technical Sentiment Signal: Buy
Current Market Cap: A$3.44B
For an in-depth examination of ASB stock, go to TipRanks’ Overview page.