Peako Limited Announces Shareholder Rights Issue
Company Announcements

Peako Limited Announces Shareholder Rights Issue

Peako Limited (AU:PKO) has released an update.

Peako Limited has launched a 2 for 3 rights issue to raise approximately $1.054 million, offering new shares at $0.003 each to eligible shareholders, with a bonus option for every two new shares subscribed. The offer, which is non-renounceable and fully underwritten, allows shareholders to apply for additional shares if there’s a shortfall, with applications closing on 5 August 2024. It’s an opportunity for investors in Australia and New Zealand to increase their stake in Peako and potentially benefit from the company’s future growth.

For further insights into AU:PKO stock, check out TipRanks’ Stock Analysis page.

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