Flexiroam Director Acquires Millions of Shares

Flexiroam Ltd (AU:FRX) has released an update.

Flexiroam Ltd has issued a notice regarding a change in director Stephen Picton’s interests in the company, indicating a substantial acquisition of 39,119,445 Fully Paid Ordinary Shares through a rights issue entitlement, priced at $0.025 each. Aside from the newly acquired shares, Picton holds a significant number of unquoted options with various vesting periods and exercise prices. This move reflects a notable change in the holdings of a key company insider, potentially signaling an increased stake in the company’s future.

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