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ECS Botanics Updates Timetable for Proposed Bonus Issue of Securities

Story Highlights
  • ECS Botanics has updated its timetable for a planned bonus issue of securities.
  • The company is proceeding with an ASX-quoted bonus issue, altering its capital structure for shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ECS Botanics Updates Timetable for Proposed Bonus Issue of Securities

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The latest update is out from Ecs Botanics Holdings Ltd ( (AU:ECS) ).

ECS Botanics Holdings Ltd has notified the ASX of an updated timetable for a proposed bonus issue of securities, lodged via an Appendix 3B as an amendment to a prior announcement. The filing confirms that the company is proceeding with the bonus issue and applying for quotation of the new securities on the ASX, signalling a forthcoming adjustment to its capital structure that current shareholders and market participants will need to factor into their assessment of the stock.

More about Ecs Botanics Holdings Ltd

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$11.17M

For a thorough assessment of ECS stock, go to TipRanks’ Stock Analysis page.

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