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Webcentral Ltd ( (AU:5GN) ) has shared an update.
5G Networks Limited has updated the market on changes to its capital structure, confirming the cessation of several classes of securities. The company has cancelled 8,750,352 ordinary fully paid shares through a minimum holding buy-back, seen 5,000,000 performance rights lapse because their conditions were not, or could not be, satisfied, and allowed 250,000 options expiring 14 December 2025 at an exercise price of $0.17 to lapse unexercised. These measures collectively reduce the number of shares and potential dilutive instruments on issue, simplifying the register and potentially altering ownership dynamics and future dilution expectations for existing shareholders.
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) operates in the telecommunications and data services sector, providing network connectivity and related digital infrastructure solutions to business and enterprise customers in Australia.
Average Trading Volume: 348,582
Technical Sentiment Signal: Sell
Current Market Cap: A$36.17M
For an in-depth examination of 5GN stock, go to TipRanks’ Overview page.