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ikeGPS Group Ltd Announces Capital Change with New Share Issuance

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ikeGPS Group Ltd Announces Capital Change with New Share Issuance

ikeGPS Group Ltd ( (AU:IKE) ) has provided an update.

ikeGPS Group Ltd announced a capital change involving the issuance of 40,130 ordinary shares at a price of $0.82 per share, following the net settlement of unlisted share options. This issuance represents a minor increase of 0.025% in the total class of financial products, bringing the total number of ordinary shares to 160,789,867. The shares were issued with identical rights and conditions as existing shares, and the exercise of share options was conducted at various prices between $0.475 and $0.75. This move is part of the company’s ongoing efforts to manage its capital structure effectively.

More about ikeGPS Group Ltd

ikeGPS Group Ltd operates in the technology industry, focusing on providing innovative measurement solutions. The company is known for its advanced GPS and measurement products, which are primarily used in infrastructure and utility sectors.

YTD Price Performance: 36.54%

Average Trading Volume: 50,273

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$113M

For detailed information about IKE stock, go to TipRanks’ Stock Analysis page.

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