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Identitii Ltd. ( (AU:ID8) ) just unveiled an announcement.
Identitii Limited has requested and received an immediate suspension from quotation of its deferred settlement securities (code ID8N) on the ASX under Listing Rule 17.2. The suspension, which applies only to the ID8N securities issued under the company’s recent rights issue and not to any of its other quoted securities, will remain in place until the company releases an announcement on the outcome of a Takeovers Panel application lodged by Mitchell Asset Management concerning Identitii’s affairs, signalling a period of uncertainty for investors in that particular class of securities while regulatory matters are resolved.
The most recent analyst rating on (AU:ID8) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Identitii Ltd. stock, see the AU:ID8 Stock Forecast page.
More about Identitii Ltd.
Identitii Limited (ASX: ID8) is an Australian-listed company based in Sydney. It recently conducted a rights issue, under which an additional class of securities (ID8N) was issued on a deferred settlement basis and quoted on the ASX as part of its capital management activities.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.99M
For a thorough assessment of ID8 stock, go to TipRanks’ Stock Analysis page.