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Plato Capital Clears Final Options Hurdle Ahead of Proposed Voluntary Delisting

Story Highlights
  • All holders of 206,814 outstanding Plato Capital share options accepted the company’s options proposal.
  • With no remaining convertible instruments, Plato Capital has simplified its capital structure to advance its voluntary delisting plan.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Plato Capital Clears Final Options Hurdle Ahead of Proposed Voluntary Delisting

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Plato Capital Limited ( (SG:YYN) ) has provided an update.

Plato Capital Limited has announced that all holders of its outstanding share options have accepted a proposal related to its planned voluntary delisting from the Singapore market via a selective capital reduction. The 206,814 options covered by the acceptances represent all remaining outstanding options, and the company confirmed there are no other convertible instruments or rights to new shares outstanding, clearing a key structural hurdle for the proposed delisting to proceed and simplifying its capital structure for stakeholders.

More about Plato Capital Limited

Average Trading Volume: 1,155

Technical Sentiment Signal: Buy

Current Market Cap: S$35.32M

For detailed information about YYN stock, go to TipRanks’ Stock Analysis page.

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