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Barramundi Group Secures Funding Through Share Subscription Agreement

Story Highlights
  • Barramundi Group Ltd. plans to issue up to 135,032,761 shares to raise SGD 3.4 million.
  • Key insiders have subscribed to significant shares, showing confidence in the company’s strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Barramundi Group Secures Funding Through Share Subscription Agreement

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Barramundi Group Ltd. ( (DE:95Z) ) has provided an announcement.

Barramundi Group Ltd. has finalized a Share Subscription Agreement with existing shareholders and United Overseas Bank Limited, aiming to issue up to 135,032,761 ordinary shares to raise SGD 3.4 million. This private placement, along with a subsequent offering to other shareholders, is designed to align with Euronext Growth Oslo Exchange rules and maintain shareholder equity. Key insiders, including board members, have made significant share subscriptions, indicating strong internal confidence in the company’s strategic direction.

More about Barramundi Group Ltd.

YTD Price Performance: -25.25%

Average Trading Volume: 15,923

Current Market Cap: NOK24.14M

See more data about 95Z stock on TipRanks’ Stock Analysis page.

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