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Charger Metals Director Restructures Partly Paid Share Holdings

Story Highlights
  • Charger Metals director Adrian Griffin has converted CHRCA partly paid shares into CHRCB partly paid shares by paying a $0.02 call.
  • The transaction maintains Griffin’s overall economic exposure to Charger Metals while adjusting the classification of his partly paid shareholdings.
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Charger Metals Director Restructures Partly Paid Share Holdings

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Charger Metals NL ( (AU:CHR) ) has shared an update.

Charger Metals NL has disclosed a change in Director Adrian Griffin’s interests in the company’s partly paid shares, following the payment of a $0.02 call on existing CHRCA partly paid shares that resulted in their transition to a new class of CHRCB partly paid shares. After this transaction, Griffin and his associated entities retain the same overall economic exposure to the company through a mix of fully paid ordinary shares, partly paid shares and performance rights, but with the partly paid holdings now reclassified as CHRCB, signalling an administrative capital-structure adjustment rather than a change in underlying ownership.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

More about Charger Metals NL

Charger Metals NL is an Australian-listed resources company focused on mineral exploration and development, with its securities traded on the ASX. The company’s capital structure includes fully paid ordinary shares, partly paid shares and performance rights held by directors and related entities.

Average Trading Volume: 584,291

Technical Sentiment Signal: Buy

Current Market Cap: A$17.42M

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

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