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An announcement from IOUpay Limited ( (AU:OVT) ) is now available.
Ovanti Limited has updated its previously announced security consolidation to reflect the recent issuance of 889 million ordinary shares on 24 March 2026, bringing the total number of shares on issue before consolidation to 9,540,977,022. Following the consolidation, the company’s ordinary fully paid shares will be reduced to 477,048,851, with a range of listed options also affected as part of the capital reorganisation.
The adjustment signals a significant restructuring of Ovanti’s capital base, aimed at tightening the share register and potentially improving the trading profile of its securities on the ASX. The update aligns the consolidation ratios with the enlarged share capital and follows shareholder documentation previously lodged with the exchange, indicating ongoing efforts to rationalise the company’s equity structure for existing and prospective investors.
The most recent analyst rating on (AU:OVT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on IOUpay Limited stock, see the AU:OVT Stock Forecast page.
More about IOUpay Limited
Ovanti Limited, listed on the ASX under the code OVT, is an Australian company with ordinary fully paid shares and a range of listed options expiring between 2027 and 2029. The company actively manages its capital structure through share and option reorganisations, reflecting an engagement with equity markets to support its corporate activities.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.54M
For an in-depth examination of OVT stock, go to TipRanks’ Overview page.