Merino & Co seeks ASX quotation for 150,000 newly issued shares

Merino & Co Limited ( (AU:MNC) ) has issued an update.

Merino & Co Limited has applied for quotation on the ASX of 150,000 new ordinary fully paid shares issued to Mr Boxiang Zhao, or his nominee, following shareholder approval at the company’s annual general meeting on 28 November 2025. The shares, bearing the code MNC, were issued on 25 February 2026, modestly increasing the company’s quoted capital base and slightly diluting existing holdings while formalising an agreed equity allocation.

This move reflects Merino & Co’s use of equity as part of its capital management or incentive arrangements, aligning with governance processes that require prior shareholder consent. The additional quoted shares may influence trading liquidity and ownership structure, signaling ongoing corporate activity that could be relevant to investors monitoring changes in the company’s capital profile.

More about Merino & Co Limited

Merino & Co Limited, listed on the ASX under the code MNC, is a publicly traded company, though the announcement provides no further detail on its industry, products, or services. The company operates within Australia and is subject to the ASX Listing Rules governing the quotation and issuance of its ordinary fully paid shares.

Average Trading Volume: 6,982

Technical Sentiment Signal: Sell

Current Market Cap: A$7.38M

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