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Skin Elements Limited ( (AU:SKN) ) has provided an update.
Skin Elements Limited has expanded its share capital through the allotment of 75 million fully paid ordinary shares to a lead manager and the issue of a further 125 million shares upon conversion of unquoted options exercisable at $0.006, ahead of their 2028 expiry. The company has confirmed that these shares were issued without a disclosure document under the Corporations Act but stated it remains compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information requiring disclosure, signalling a routine capital management step intended to support ongoing operations without indicating any undisclosed material developments for investors.
More about Skin Elements Limited
Skin Elements Limited is an Australian biotechnology healthcare company focused on commercialising its proprietary anti-microbial SE Formula through a portfolio of natural and organic personal care, skincare and health products. Its globally distributed flagship brands include SuprCuvr, a TGA-registered hospital-grade plant-based disinfectant, Eco Nurture plant bio-stimulant, Invisi Shield alcohol-free natural sanitiser, Soléo Organics natural and organic sunscreen, PapayaActivs natural therapeutic skincare, and the Elizabeth Jane Natural Cosmetics line.
Current Market Cap: A$11.5M
See more insights into SKN stock on TipRanks’ Stock Analysis page.