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Papyrus Australia Issues 6 Million Unquoted Options Under Existing Transactions

Story Highlights
  • Papyrus Australia has issued 6 million new unquoted options under prior transactions.
  • These low-exercise-price options, expiring in 2027, may expand Papyrus’s future capital base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Papyrus Australia Issues 6 Million Unquoted Options Under Existing Transactions

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An update from Papyrus Australia Ltd ( (AU:PPY) ) is now available.

Papyrus Australia Ltd, listed on the ASX under the code PPY, has notified the market of the issue of new unquoted options as part of previously announced transactions. These securities are not intended to be quoted on the ASX. The company has issued 2 million options exercisable at A$0.01 expiring on 19 March 2027 and 4 million options exercisable at A$0.02 expiring on 19 December 2027, potentially expanding its future capital base and providing additional incentives or funding flexibility for stakeholders.

More about Papyrus Australia Ltd

Average Trading Volume: 516,734

Technical Sentiment Signal: Sell

Current Market Cap: A$5.12M

See more insights into PPY stock on TipRanks’ Stock Analysis page.

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