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An update from Avjennings Limited ( (AU:AVJ) ) is now available.
AVJennings Limited has issued 6,742,860 fully paid ordinary shares to fulfill the acceleration and vesting of outstanding Performance Rights and Retention Rights. This move is part of a scheme of arrangement under which PM Nominees C Pty Ltd, linked to Proprium Capital Partners and AVID, will acquire all ordinary shares in AVJennings, potentially impacting the company’s ownership structure and market positioning.
More about Avjennings Limited
AVJennings Limited operates in the real estate industry, focusing on residential property development and construction. The company is known for its development of land estates, townhomes, and apartments, primarily catering to the Australian market.
For a thorough assessment of AVJ stock, go to TipRanks’ Stock Analysis page.