Southern Palladium Withdraws Name Change Proposal; Shares Up 10%

MT Newswires Live

11/10

Southern Palladium (ASX:SPD) has decided to withdraw its proposed name change to Southern Platinum, choosing to retain its current name following feedback from major shareholders, according to a Monday filing with the Australian bourse.

The board withdrew the resolution from the upcoming annual general meeting, opting to retain the name Southern Palladium to emphasize its established identity as a platinum group metals developer with a strong institutional profile, per the filing.

The company's shares rose around 10% in recent Monday trade.

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