BirdDog Inadvertently Breaches ASX Listing Rule

MT Newswires Live

Mar 28, 2025

BirdDog Technology (ASX:BDT) has acknowledged that it inadvertently breached the Australian Securities Exchange (ASX) listing rule 10.1 after it failed to obtain the required shareholder approval for its 2024 selective share buyback process, according to a Friday filing with the Australian bourse.

Under the rule, shareholder approval is needed for transactions involving substantial shareholders holding more than 10% of a company's shares, the filing said. The relevant shareholder, holding 16.3% of BirdDog's issued capital, was involved in the buyback.

To prevent future breaches, BirdDog will implement board training, consult legal advisers, and engage with the ASX on transactions that may trigger Listing Rule 10.1, per the filing.

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The relevant shareholder, holding 16.3% of BirdDog's issued capital, was involved in the buyback.</p><p>To prevent future breaches, BirdDog will implement board training, consult legal advisers, and engage with the ASX on transactions that may trigger Listing Rule 10.1, per the filing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASX","symbol_name":"日月光半导体","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522359968","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522359968","pubTimestamp":1743135986,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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