BUZZ-Australia's Polynovo recovers slightly from massive sell-off

Reuters

2025/03/10

** Shares of Australia's Polynovo PNV.AX add 5% to A$1.26

** Stock rebounds after ending over 13% lower on Friday

** Polynovo slumped on Friday on confirmation of a media report that suggested chair David Williams was the subject of an independent probe into the alleged bullying of company executives, including CEO Swami Raote and CFO Jan Gielen

** PNV, on Friday, clarified that it had engaged counsel in October 2024 to hold discussions with some management members and chair

** Stock down 39% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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