middle.news

Waterco Acknowledges Related Party Lease Breach, Eyes Shareholder Approval

6:01pm on Friday 20th of June, 2025 AEST Manufacturing
Read Story

Waterco Acknowledges Related Party Lease Breach, Eyes Shareholder Approval

6:01pm on Friday 20th of June, 2025 AEST
Key Points
  • Historical breach of ASX Listing Rule 10.1 due to related party leases
  • Leases with Mint Holdings exceed 5% of Waterco's equity without prior approval
  • Independent market assessments and non-interested director approvals were obtained at the time
  • Waterco to seek shareholder approval at 2025 AGM to remedy breach
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Waterco (ASX:WAT)
OPEN ARTICLE