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Noronex Ltd. ( (AU:NRX) ) has issued an announcement.
Noronex Limited has experienced a change in the voting power of its substantial holder, Larchmont Holdings Pty Ltd, due to the issuance of new shares following an option exercise. This change has resulted in a dilution of Larchmont Holdings’ voting power from 14.22% to 12.95%, although the number of shares held remains the same at 72,160,206. The adjustment in voting power could impact the company’s shareholder dynamics and influence within the company.
More about Noronex Ltd.
YTD Price Performance: 72.73%
Average Trading Volume: 1,568,553
Technical Sentiment Signal: Sell
Current Market Cap: A$9.66M
For an in-depth examination of NRX stock, go to TipRanks’ Stock Analysis page.