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Alexium Director Increases Shareholding via Entitlement Offer

Story Highlights
  • Director William Timothy Blackburn acquired 16,659,830 new shares at $0.006 each via an entitlement offer.
  • His total holding rose to 28,659,830 shares, underscoring director support for Alexium’s capital raising.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alexium Director Increases Shareholding via Entitlement Offer

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Alexium International Group ( (AU:AJX) ) has shared an update.

Alexium International Group Limited has disclosed a change in the shareholding of director William Timothy Blackburn, in line with ASX disclosure requirements. Blackburn increased his direct holding by 16,659,830 ordinary fully paid shares, acquired at $0.006 per share through participation in an entitlement offer and an underwriting agreement, taking his total direct shareholding to 28,659,830 ordinary shares while maintaining 99,067,084 share appreciation rights; the transaction was not conducted during a closed trading period, signalling director support for the capital raising structure and potentially reinforcing market confidence in the company’s equity initiatives.

The most recent analyst rating on (AU:AJX) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Alexium International Group stock, see the AU:AJX Stock Forecast page.

More about Alexium International Group

Alexium International Group Limited is an ASX-listed company; the release does not specify its industry, products or services, or market focus.

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$21.89M

For an in-depth examination of AJX stock, go to TipRanks’ Overview page.

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