Dynamic Group Holdings Issues New Shares Under Regulatory Exemption

Dynamic Group Holdings Limited ( (AU:DDB) ) has issued an announcement.

Dynamic Group Holdings Limited has issued 13,525 fully paid ordinary shares under the exemption provided by section 708A(5) of the Corporations Act 2001. This move aligns with the company’s compliance with the Act’s requirements, indicating a strategic step to facilitate the on-sale of these securities without disclosure. The issuance of these shares is part of Dynamic’s ongoing efforts to strengthen its operational capacity and market positioning in the competitive drilling services industry.

More about Dynamic Group Holdings Limited

Dynamic Group Holdings Limited is a provider of specialized drilling and blasting services catering to the mining and construction sectors in Western Australia. The company operates through three entities: Dynamic Drill & Blast Pty Ltd, Orlando Drilling Pty Ltd, and Welldrill, each contributing to its robust project pipeline. Dynamic Group focuses on medium to long-term contracts, emphasizing quality service, employee safety, and innovative solutions across various commodity sectors including iron ore, lithium, and gold.

YTD Price Performance: 0.0%

Average Trading Volume: 5,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$14.31M

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