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Jaxsta Limited ( (AU:VNL) ) has issued an announcement.
Vinyl Group Ltd has notified the market of the issue of 3,000,000 unquoted options exercisable at $0.05 and expiring on 31 May 2033, with an issue date recorded as 1 June 2023. The creation of this new class of long-dated options expands the company’s pool of equity-linked instruments, which may be used for incentive arrangements or future funding flexibility and could have implications for shareholder dilution and capital structure over time.
The most recent analyst rating on (AU:VNL) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Jaxsta Limited stock, see the AU:VNL Stock Forecast page.
More about Jaxsta Limited
Vinyl Group Ltd, listed on the ASX under the code VNL, operates within the broader technology and digital media sector, though this announcement provides no specific detail on its primary products, services or target markets.
Average Trading Volume: 248,717
Technical Sentiment Signal: Sell
Current Market Cap: A$111.2M
Learn more about VNL stock on TipRanks’ Stock Analysis page.