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Butn Limited ( (AU:BTN) ) just unveiled an update.
Butn Limited has announced the conversion of 300,000 unlisted performance rights into fully paid ordinary shares. This move signifies the company’s compliance with relevant provisions of the Corporations Act and reflects its ongoing commitment to enhancing shareholder value. The issuance of these shares without disclosure under Part 6D.2 of the Corporations Act suggests a strategic effort to strengthen its financial position and market presence.
More about Butn Limited
Butn Limited is an Australian Business-to-Business (B2B) funder that innovates the way small and medium-sized enterprises (SMEs) fund and grow their businesses. The company specializes in transactional funding, helping SMEs overcome working capital constraints by financing individual transactions and leveraging the credit of end debtors. With the vision of ‘Your money, today,’ Butn has provided over $2.5 billion in cashflow funding solutions to Australian businesses.
Average Trading Volume: 325,060
Technical Sentiment Signal: Buy
Current Market Cap: A$36.09M
See more data about BTN stock on TipRanks’ Stock Analysis page.