Highcon Systm ( (IL:HICN) ) just unveiled an update.
Highcon Systm announced the creation of dormant shares in its issued share capital, with HND Investments Ltd. as the holder of these shares. The change resulted in an increase of 3,693,225 shares, bringing HND Investments’ total to 3,693,225, which constitutes 15.98% of the company’s issued share capital. This adjustment does not affect the rights or voting power associated with the shares, as they are classified as dormant. The nominal value of the securities was reported to be 1,107,967.50 New Shekels. The impact of this announcement primarily concerns the administrative management of the company’s share structure, with no immediate operational changes or implications for stakeholders.
More about Highcon Systm
YTD Price Performance: -69.03%
Average Trading Volume: 358,857
Current Market Cap: ILS14.42M
For detailed information about HICN stock, go to TipRanks’ Stock Analysis page.