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The latest update is out from RBR Group Ltd ( (AU:RBR) ).
RBR Group Limited provides skilled labour and site-based workforce solutions, primarily serving Australian resource and infrastructure sectors. The company issued 7,814,017 fully paid ordinary shares to settle outstanding directors’ fees at a deemed issue price of $0.03 per share, following shareholder approval at the AGM. The issuance was completed without a disclosure to investors under the relevant Corporations Act provisions, and the company has confirmed compliance with its regulatory obligations and that no excluded information needs disclosure. Operationally, the share settlement reduces cash outflows for the company and aligns director remuneration with equity, while producing a modest dilution for existing shareholders; the move is a routine corporate governance and capital-management action with limited immediate impact on ongoing operations.
More about RBR Group Ltd
RBR Group Limited is an Australian ASX-listed workforce services company that supplies skilled labour to worksites. The business focuses on labour-hire and site-based staffing solutions for resource and infrastructure projects, operating from Western Australia with a national market orientation.
Average Trading Volume: 87,909
Technical Sentiment Signal: Sell
Current Market Cap: A$2.63M
For an in-depth examination of RBR stock, go to TipRanks’ Overview page.