Amaero Ltd Issues 5 Million Shares to Directors

The latest update is out from Amaero International Ltd ( (AU:3DA) ).

Amaero Ltd has issued 5,000,000 fully paid ordinary shares to its directors, following approval from shareholders at an extraordinary general meeting. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has confirmed compliance with relevant legal requirements. This strategic move is expected to impact the company’s governance and potentially influence its market positioning by aligning the interests of directors with those of shareholders.

More about Amaero International Ltd

Amaero Ltd (ASX:3DA) is an ASX-listed company headquartered in Tennessee, U.S., specializing in the production of high-value refractory alloy, titanium, and specialty alloy powders. These materials are used in additive and advanced manufacturing for the defense, space, and aviation industries. The company is recognized for its expertise in gas atomization technology and PM-HIP manufacturing, contributing to the alleviation of supply chain constraints for large-scale castings and forgings.

YTD Price Performance: -18.00%

Average Trading Volume: 542,474

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$141.5M

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