Adherium Director’s Holdings Surge Post-Rights Offer

Adherium Ltd. (AU:ADR) has released an update.

Adherium Limited has reported a significant change in director George Baran’s interests, with an acquisition of 50 million Fully Paid Ordinary Shares and an equal number of Unlisted Options. These changes occurred through a subscription to a non-renounceable rights offer in April 2024, which included free attaching options for each new share subscribed. Post transaction, Baran’s total holdings have increased to over 123 million shares and approximately 749 million options, with the latest options exercisable at 3 cents, expiring in June 2025.

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