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Stelar Metals Limited ( (AU:SLB) ) has provided an update.
Stelar Metals Limited, listed on the ASX under the code SLB, has reported a change in its issued capital structure. The company has allowed a tranche of listed options to lapse without being exercised, slightly reducing the pool of potential future equity dilution for existing shareholders.
The company announced that 2.7 million options, exercisable at $0.50 and expiring on 22 December 2025, have ceased following their expiry without conversion. This technical capital-management update signals that these options will not convert into ordinary shares, clarifying Stelar Metals’ current on-issue securities and potentially simplifying its capital structure for investors and the market.
More about Stelar Metals Limited
Average Trading Volume: 100,686
Technical Sentiment Signal: Buy
Find detailed analytics on SLB stock on TipRanks’ Stock Analysis page.