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AdAlta Issues New Shares to Employees Under Equity Plan

Story Highlights
  • AdAlta Limited issued 503,197 shares after employee performance rights were exercised.
  • The share issuance aligns with legal compliance and enhances AdAlta’s equity strategy.
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AdAlta Issues New Shares to Employees Under Equity Plan

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AdAlta Ltd. ( (AU:1AD) ) has issued an update.

AdAlta Limited has issued 503,197 fully paid ordinary shares following the exercise of performance rights by employees under the Omnibus Equity Plan. This issuance, conducted without disclosure under specific provisions of the Corporations Act, reflects AdAlta’s compliance with legal obligations and contributes to its strategic equity management, potentially impacting its operational and financial positioning.

More about AdAlta Ltd.

AdAlta Limited is a biotechnology company that focuses on the development of protein-based therapeutics. It is involved in the research and development of novel drugs, utilizing their proprietary i-body technology to address diseases with high unmet medical needs.

YTD Price Performance: -15.00%

Average Trading Volume: 335,613

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$10.73M

Find detailed analytics on 1AD stock on TipRanks’ Stock Analysis page.

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