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Algorae Pharmaceuticals Issues 42 Million Employee Performance Rights

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Algorae Pharmaceuticals Issues 42 Million Employee Performance Rights

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Living Cell Technologies ( (AU:1AI) ) has issued an update.

Algorae Pharmaceuticals Limited has announced the issuance of 42,000,000 unquoted employee performance rights as part of a previously announced transaction. This issuance is not intended to be quoted on the ASX, and it reflects the company’s ongoing efforts to incentivize and retain its workforce, potentially impacting its operational efficiency and market competitiveness.

More about Living Cell Technologies

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$10.12M

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