Magellan Financial Group Ltd (AU:MFG) has released an update.
Magellan Financial Group Limited has announced the cessation of 315,000 options due to unmet conditions, with the securities lapsing as of September 30, 2024. The options, which were set to expire in April 2027 at an exercise price of $35.00, are no longer valid, reflecting a change in the company’s issued capital. This financial maneuver could signal important shifts within Magellan’s strategic financial planning.
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