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FINWIRES

Arovella Therapeutics Says Requisitioning Shareholder Withdraws Notice, Shares Fall 3%

-- Arovella Therapeutics (ASX:ALA) said the requisitioning shareholder has withdrawn its April 8 notice, which called for a general meeting to appoint three directors, according to a Thursday Australian bourse filing.

Arovella Therapeutics had earlier said the notice "cannot be lawfully effected at a general meeting," and had invited the shareholder to formally withdraw the notice.

Its shares fell 3% in recent trading on Thursday.

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