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Gratifii Issues 50 Million New Shares, Confirms Regulatory Compliance

Story Highlights
  • Gratifii has issued 50 million new fully paid ordinary shares under the Corporations Act.
  • The company states it is compliant with reporting and disclosure rules, with no excluded information.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Gratifii Issues 50 Million New Shares, Confirms Regulatory Compliance

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The latest update is out from Gratifii Ltd ( (AU:GTI) ).

Gratifii Limited has issued 50 million fully paid ordinary shares, as detailed in a contemporaneous filing with the ASX, and has notified the market that the issue was conducted without a prospectus under the relevant provisions of the Corporations Act. The company affirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that would be material to investors, signalling compliance and transparency around the capital issuance for existing and prospective shareholders.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

More about Gratifii Ltd

Gratifii Limited (ASX: GTI) is an ASX-listed technology company focused on transforming how loyalty and rewards programs are managed and delivered through a single, configurable platform. Its affordable, market-leading solution supports loyalty and rewards for more than 60 major brands across Australia, New Zealand, Singapore and the UAE.

Average Trading Volume: 864,626

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$31.15M

For an in-depth examination of GTI stock, go to TipRanks’ Overview page.

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