De.mem Issues Shares for Investor Relations Services Under Cleansing Notice

De.mem Ltd. ( (AU:DEM) ) has provided an announcement.

De.mem Limited has issued 770,370 fully paid ordinary shares at a deemed price of $0.135 per share as consideration for services provided under an investor relations agreement. The company has confirmed that these shares were issued without a prospectus under the Corporations Act’s secondary trading provisions, that it remains compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information requiring disclosure, signalling that the administrative share issuance should not materially affect its regulatory standing or transparency to investors.

The most recent analyst rating on (AU:DEM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on De.mem Ltd. stock, see the AU:DEM Stock Forecast page.

More about De.mem Ltd.

De.mem Limited is an Australian-headquartered decentralised water and wastewater treatment company that designs, builds, owns and operates turnkey treatment systems for major clients in the mining, electronics, chemical, oil and gas, and food and beverage sectors, as well as for municipalities, residential developments and resorts across the Asia-Pacific region. Leveraging advanced proprietary membrane technologies commercialised from research at Nanyang Technological University in Singapore, including low-pressure hollow fibre nanofiltration and forward osmosis membranes, the company focuses on providing energy-efficient, cost-effective water and wastewater solutions from hubs in Australia, Singapore, Germany and Vietnam.

Average Trading Volume: 287,115

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$32.32M

Learn more about DEM stock on TipRanks’ Stock Analysis page.