GTN Ltd. (AU:GTN) has released an update.
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GTN Limited announces significant changes to its board with the resignation of two non-executive directors and the appointment of new members linked to Viburnum Funds, which holds a substantial stake in the company. The board plans to explore capital management options, including a potential special dividend and reinstating its on-market buy-back program, as it aims to enhance shareholder value. Viburnum emphasizes its commitment to GTN’s long-term growth and capital prospects, while planning to sell a portion of its interests to Australian family offices.
For further insights into AU:GTN stock, check out TipRanks’ Stock Analysis page.
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