Adherium Ltd. (AU:ADR) has released an update.
Adherium Limited has notified the ASX of a significant increase in Director Louis Panaccio’s stake in the company, following a subscription to a non-renounceable rights entitlement offer in April 2024. Panaccio now holds double the number of fully paid ordinary shares, totaling 2,666,668, along with 1,333,334 unlisted options exercisable at 3 cents, set to expire on June 30, 2025. The shares were acquired at $0.02 each, with the options attached to the shares at no additional cost.
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