Consumer Staples

Australian Dairy Nutritionals Limited (ASX:AHF) Addresses ASX Price Query

ClubAI 3:00 pm

Market Response

Australian Dairy Nutritionals Limited (ASX:AHF) has clarified its position in response to an ASX price query regarding recent trading activity. The company reported that it is not privy to any undisclosed information that could influence the trading of its securities. AHF highlighted that following the recent Annual General Meeting (AGM), all resolutions were carried successfully, generating positive feedback from stakeholders.

Market Interest

The company acknowledged a recent article in The Australian Business Review’s Margin Call section, which may have spurred interest in AHF. This article was published on November 29, 2024, and could have contributed to the notable increase in trading activity, with AHF’s securities trading from $0.03 to an intra-day high of $0.059.

Compliance Confirmation

AHF confirmed its adherence to the ASX Listing Rules, particularly Listing Rule 3.1, affirming that its responses to the ASX queries have been authorized and approved by the Board of Directors. The company reiterated its commitment to transparent market practices.

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Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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