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Omni Bridgeway ( (AU:OBL) ) has shared an update.
Omni Bridgeway Limited announced the issuance of 635,102 ordinary fully paid shares as part of the vesting of its FY22 Long Term Incentive Plan, while the remaining 80% of performance rights lapsed. This issuance was made without disclosure under the Corporations Act, allowing for the on-sale of these shares under specific exemptions, which could impact the company’s market operations and shareholder dynamics.
More about Omni Bridgeway
Omni Bridgeway is a company operating in the legal finance industry, providing funding for legal claims and disputes. It focuses on offering financial solutions to law firms, corporations, and individuals involved in litigation or arbitration, aiming to facilitate access to justice and optimize financial outcomes.
YTD Price Performance: 0.16%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $238.5M
For a thorough assessment of OBL stock, go to TipRanks’ Stock Analysis page.