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5G Networks Corrects Executive Option Allocation in Updated Securities Notice

Story Highlights
  • 5G Networks updated its unquoted securities notice to correct executive option terms.
  • One million options for executive Kieran Donovan will be disclosed in a separate filing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
5G Networks Corrects Executive Option Allocation in Updated Securities Notice

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Webcentral Ltd ( (AU:5GN) ) has shared an announcement.

5G Networks Limited has updated its previously lodged notice on the issue of unquoted securities, correcting the terms relating to options allocated to an executive. The company has removed 1 million options initially attributed to executive Kieran Donovan from this notification and will disclose them in a separate filing, clarifying the structure and reporting of its executive equity arrangements for investors and regulators.

The most recent analyst rating on (AU:5GN) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Webcentral Ltd stock, see the AU:5GN Stock Forecast page.

More about Webcentral Ltd

5G Networks Limited (ASX: 5GN) is an Australian telecommunications and network services provider focused on high-speed data connectivity and related digital infrastructure solutions for business and enterprise customers.

Average Trading Volume: 342,930

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$36.46M

See more insights into 5GN stock on TipRanks’ Stock Analysis page.

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