Business
Douugh (ASX:DOU) share price dips on remedial action completion
The Douugh Ltd (ASX: DOU) share price traded lower today after the smart bank account provider posted a remedial action update. At the time of writing, the Douugh share price finished 3.13% lower to 16 cents per share. Which appears particularly poor when compared to the 0.78% gain in the S&P/ASX 200 Index (ASX: XJO).
Today’s disappointing performance appears to stem from the company’s completion of remediation following the breach which came to light in early January. In short, during Douugh’s ASX listing, the parents of one of the company’s directors, Bert Mondello, were issued shares without shareholder approval.
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