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TrivarX Director Lifts Stake Through Placement and Nucleics Acquisition Facilitation Options

Story Highlights
  • Director Christopher Ntoumenopoulos significantly increased his TrivarX shareholding via a placement.
  • He also received 75 million long-dated options as facilitation fees for the Nucleics acquisition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TrivarX Director Lifts Stake Through Placement and Nucleics Acquisition Facilitation Options

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The latest update is out from TrivarX Limited ( (AU:TRI) ).

TrivarX Limited has disclosed a significant increase in director Christopher Ntoumenopoulos’s equity exposure following shareholder-approved capital raisings and incentive issuances. The director, through direct holdings and indirectly via Sobol Capital Pty Ltd, has acquired 11.25 million new ordinary shares and 75 million long-dated options as part of a placement and as facilitation fees for services linked to TrivarX’s acquisition of Nucleics, materially lifting his stake and aligning his interests more closely with the company’s future performance.

More about TrivarX Limited

YTD Price Performance: 6.25%

Average Trading Volume: 3,115,487

Technical Sentiment Signal: Sell

Current Market Cap: A$12.17M

See more insights into TRI stock on TipRanks’ Stock Analysis page.

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