Fiji Kava Limited (AU:CCO) has released an update.
Fiji Kava Limited has disclosed a significant change in the interests of Director James Dack, who acquired 10 million FPOS and 5 million options at an estimated value of $0.004 per FPOS and nil per option. The transaction occurred under a rights offer, resulting in Dack’s direct holding of 30 million Plan Shares remaining unchanged but expanding his indirect stake through James Dack Real Estate. This financial move signals potential growth and investor confidence within the company.
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