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Adherium Ltd. ( (AU:ADR) ) has provided an update.
Adherium has disclosed a change in director Louis Panaccio’s indirect holdings following his participation in the company’s accelerated non-renounceable entitlement offer to institutional investors. Through Vilmos Pty Ltd as trustee for the Panaccio Investment Trust, Panaccio acquired 15,333,336 fully paid ordinary shares at $0.003 per share, increasing his stake to 38,333,340 shares alongside 7,666,668 existing unlisted options.
The transaction, which did not involve any share disposals or changes in contractual interests, reflects director support for Adherium’s latest capital raising. The company confirmed the trade did not occur during a closed period requiring prior written clearance, indicating compliance with ASX governance and disclosure requirements.
The most recent analyst rating on (AU:ADR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Adherium Ltd. stock, see the AU:ADR Stock Forecast page.
More about Adherium Ltd.
Adherium Limited is an Australia-listed company whose securities are traded on the ASX. The company issues fully paid ordinary shares and unlisted options as part of its capital structure, including through institutional offers and related equity-raising initiatives.
Technical Sentiment Signal: Sell
Current Market Cap: A$13.97M
Learn more about ADR stock on TipRanks’ Stock Analysis page.