Techniche reveals proxy spread from placement vote

Techniche reveals proxy spread from placement vote

Techniche Limited (ASX:TCN) has revealed the spread of proxy votes during the recent general meeting during which shareholders approved a $3 million share placement.

While the actual resolution was passed by a show of hands, 52 of the 68 proxies lodged prior to the meeting were in favour of the move.

The company intends to use the proceeds from the placement to fund its acquisition of Urgent Technologies.

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Tags investorsTechnicheShare placement

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