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RemSense Issues New Shares on Option Conversion, Affirms Regulatory Compliance

Story Highlights
  • RemSense Technologies has issued 74,074 fully paid ordinary shares following the conversion of options.
  • The company confirms the shares were issued under disclosure exemptions while maintaining full compliance with reporting and market disclosure rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RemSense Issues New Shares on Option Conversion, Affirms Regulatory Compliance

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The latest update is out from RemSense Technologies Ltd. ( (AU:REM) ).

RemSense Technologies Limited has issued 74,074 fully paid ordinary shares following the conversion of options, expanding its number of quoted securities on issue. The company confirmed the shares were issued without a prospectus under the Corporations Act disclosure exemptions and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no excluded information that would be material to investors at the time of the notice.

The most recent analyst rating on (AU:REM) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on RemSense Technologies Ltd. stock, see the AU:REM Stock Forecast page.

More about RemSense Technologies Ltd.

RemSense Technologies Limited (ASX:REM) is an Australian technology company based in Perth, operating in the industrial technology and data solutions sector, with its securities listed on the Australian Securities Exchange and subject to Australian corporate reporting and disclosure requirements.

Average Trading Volume: 255,332

Technical Sentiment Signal: Hold

Current Market Cap: A$9.29M

See more data about REM stock on TipRanks’ Stock Analysis page.

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