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Visionflex Seeks ASX Quotation for Additional Ordinary Shares

Story Highlights
  • Visionflex Group has applied to quote 36,110 new fully paid ordinary shares on the ASX.
  • The modest capital increase stems from option or convertible conversions, slightly boosting market liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Visionflex Seeks ASX Quotation for Additional Ordinary Shares

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An announcement from 1st Group Ltd. ( (AU:VFX) ) is now available.

Visionflex Group Limited has applied to the ASX for quotation of 36,110 new fully paid ordinary shares under its existing issuer code VFX. The additional securities arise from the exercise or conversion of existing options or other convertible securities, modestly increasing the company’s quoted share capital and potentially enhancing liquidity for current and future shareholders without indicating any broader strategic shift.

The most recent analyst rating on (AU:VFX) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on 1st Group Ltd. stock, see the AU:VFX Stock Forecast page.

More about 1st Group Ltd.

Average Trading Volume: 13,872

Technical Sentiment Signal: Sell

Current Market Cap: A$8.39M

See more data about VFX stock on TipRanks’ Stock Analysis page.

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