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The latest update is out from Activeport Group Limited ( (AU:ATV) ).
Activeport Group Ltd has announced a pro-rata bonus issue of new unquoted options to its shareholders, offering one option for every five ordinary shares held. This initiative aims to reward existing shareholders without impacting the company’s cash reserves. The bonus issue is available to shareholders in Australia, New Zealand, and Singapore and will be conducted via a prospectus lodged with the ASIC. The options, which are non-renounceable and non-tradeable, will be issued automatically to eligible shareholders, with shares from exercised options ranking equally with existing shares. This strategic move is expected to strengthen shareholder loyalty and potentially enhance the company’s market position.
More about Activeport Group Limited
Activeport Group Ltd develops software for telecommunications providers and data centre operators. Its orchestration software enhances traditional network infrastructure by enabling cloud capabilities, improving customer experience through self-service portals, automating service provisioning, and supporting flexible pay-per-use consumption. The company offers orchestration features for last mile, core network, data centre infrastructure, and GPUs for cloud gaming and AI.
Average Trading Volume: 20,349,321
Technical Sentiment Signal: Sell
Current Market Cap: A$23.25M
For detailed information about ATV stock, go to TipRanks’ Stock Analysis page.