BUZZ-Australia's Audinate falls on news of chairman retirement

Reuters
02 Jun
BUZZ-Australia's Audinate falls on news of chairman retirement

** Shares of Audinate AD8.AX fall as much as 4.7% to A$7.580, their lowest levels since May 28

** Stock posts its biggest intraday percentage decline since May 16

** The audio-visual hardware developer says Chairman David Krall will retire after 15 years in the role

** Says current non-executive director Alison Ledger will be appointed chair

** Stock up 3.9%, YTD

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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