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Babylon Pump & Power Ltd ( (AU:BPP) ) just unveiled an update.
Babylon Pump & Power Ltd has notified the market of the cessation of certain performance rights on issue under its capital structure, as disclosed in an Appendix 3H filing. A total of 13,889 Class I performance rights lapsed because their conditions were not met or became incapable of being satisfied, while 125,000 Class J performance rights expired unexercised, resulting in a modest reduction in the company’s pool of potential equity and clarifying its issued capital position for shareholders and the market.
The most recent analyst rating on (AU:BPP) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd is an Australian-listed company (ASX: BPP) operating in the industrial services and equipment sector, focused on power generation and pumping solutions for resources, energy and infrastructure markets.
Average Trading Volume: 36,829
Technical Sentiment Signal: Sell
Current Market Cap: A$16.5M
Learn more about BPP stock on TipRanks’ Stock Analysis page.