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An announcement from TG Metals Ltd. ( (AU:TG6) ) is now available.
TG Metals Ltd announced the conversion of 1,703,335 Class A and 1,703,333 Class B Performance Rights into 3,406,668 new shares, having met all vesting conditions. This conversion allows the new shares to be sold under the exemption provided by section 708A(5) of the Corporations Act, indicating compliance with relevant legal and regulatory requirements, and potentially enhancing liquidity and shareholder value.
More about TG Metals Ltd.
TG Metals Ltd is a company operating in the metals industry, focusing on the conversion of performance rights into shares, which indicates its involvement in financial and securities management within the sector.
YTD Price Performance: -23.33%
Average Trading Volume: 62,232
Technical Sentiment Signal: Strong Buy
Learn more about TG6 stock on TipRanks’ Stock Analysis page.