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An announcement from Omni Bridgeway ( (AU:OBL) ) is now available.
Omni Bridgeway Limited has issued 5,213,450 ordinary fully paid shares as part of the final tranche of deferred consideration for its acquisition of the Omni Bridgeway Europe business in 2019. This issuance, conducted without disclosure to investors, falls under the exemption provided by section 708A(5) of the Corporations Act, allowing the on-sale of these securities. The announcement signifies the completion of a significant acquisition-related financial obligation, potentially strengthening Omni Bridgeway’s position in the European market.
More about Omni Bridgeway
Omni Bridgeway is a company operating in the financial services industry, primarily focusing on litigation funding and legal risk management solutions. The company is known for its expertise in providing capital and strategic support for legal claims, catering to a global market.
YTD Price Performance: 0.16%
Technical Sentiment Signal: Buy
Current Market Cap: $251M
Learn more about OBL stock on TipRanks’ Stock Analysis page.
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