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Apiam Animal Health Ltd. ( (AU:AHX) ) has issued an announcement.
Apiam Animal Health Limited announced that it has been granted a waiver of ASX Listing Rules 6.23.3 and 6.23.4, which allows the company to waive vesting conditions for unvested performance rights as part of a proposed scheme of arrangement with Pepper Holdco Limited and Pepper Bidco Pty Ltd. This waiver is contingent upon the approval of the scheme by Apiam shareholders and the court, facilitating the acquisition of 100% of Apiam shares by BidCo. The waiver ensures that holders of performance rights are not disadvantaged by the scheme, allowing for automatic exercise of vested rights without further shareholder approval, thus potentially impacting the liquidity of shares post-scheme implementation.
The most recent analyst rating on (AU:AHX) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Apiam Animal Health Ltd. stock, see the AU:AHX Stock Forecast page.
More about Apiam Animal Health Ltd.
Apiam Animal Health Limited operates in the veterinary services industry, focusing on providing animal health services and products. The company is involved in the management and treatment of animal health, catering primarily to the livestock and companion animal sectors.
Average Trading Volume: 379,762
Technical Sentiment Signal: Buy
Current Market Cap: A$158.7M
See more data about AHX stock on TipRanks’ Stock Analysis page.