ikeGPS Group Ltd Announces Capital Change with New Share Issuance

Story Highlights
ikeGPS Group Ltd Announces Capital Change with New Share Issuance

ikeGPS Group Ltd ( (AU:IKE) ) has shared an announcement.

ikeGPS Group Ltd has announced a capital change involving the issuance of 272,825 ordinary shares at a price of $0.81 per share, which represents 0.17% of the total class of financial products. This move, approved by directors’ resolutions, is part of the full settlement of 50,000 options and net settlement of 925,001 unlisted share options, potentially impacting the company’s market position by increasing its share capital to 161,062,692 shares.

More about ikeGPS Group Ltd

ikeGPS Group Ltd operates in the technology industry, specializing in providing solutions for measuring and managing infrastructure assets. The company focuses on offering innovative tools and software that enhance efficiency and accuracy in data collection and analysis for various sectors.

YTD Price Performance: 46.15%

Average Trading Volume: 48,150

Technical Sentiment Signal: Sell

Current Market Cap: A$117.1M

For an in-depth examination of IKE stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App