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Metal Powder Works Clarifies Voluntary Escrow Terms on ASX-Quoted Securities

Story Highlights
  • Metal Powder Works updated its ASX quotation application, confirming details under code MPW.
  • The company’s newly quoted securities are under voluntary escrow and holding lock, but not ASX escrow.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Metal Powder Works Clarifies Voluntary Escrow Terms on ASX-Quoted Securities

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Metal Powder Works Limited ( (AU:MPW) ) has shared an announcement.

Metal Powder Works Limited has updated its application for quotation of securities on the ASX, confirming details under its issuer code MPW and Australian Business Number 28158307549. The company clarified that the relevant securities are subject to a voluntary escrow with a holding lock applied, but are not under ASX-imposed escrow, a distinction that may affect how and when existing holders can trade these securities while still signalling that regulatory escrow conditions by the exchange are not in place.

The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.

More about Metal Powder Works Limited

Average Trading Volume: 313,524

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$286M

Find detailed analytics on MPW stock on TipRanks’ Stock Analysis page.

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