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An announcement from Metgasco Ltd ( (AU:MEL) ) is now available.
Metgasco Ltd has notified the ASX of the cessation of 160,000 MELAJ options, which expired unexercised on 19 April 2026 at an exercise price of $1.25. The expiry of these options without conversion slightly reduces the potential dilutive overhang on Metgasco’s capital structure and clarifies its current issued capital position for shareholders.
The company’s announcement, lodged as an Appendix 3H, formalises the removal of these lapsed options from its register and updates the market on changes to its securities on issue. This administrative change may marginally simplify Metgasco’s equity base and provides investors with cleaner visibility on outstanding instruments tied to the stock.
More about Metgasco Ltd
Metgasco Ltd is an Australian-listed energy company focused on exploration and development of oil and gas assets. The company is traded on the ASX under the ticker MEL and manages a portfolio of securities that include options and other convertible instruments related to its capital structure.
Average Trading Volume: 79,506
Technical Sentiment Signal: Sell
Current Market Cap: A$587.9K
For an in-depth examination of MEL stock, go to TipRanks’ Overview page.