The latest announcement is out from ZIMI Ltd ( (AU:ZMM) ).
ZIMI Ltd has announced a change in the director’s interest, specifically involving Simon Charles Gerard, who has increased his indirect holdings through Gerard Private Holdings (Finance) Pty Ltd. This change was executed by issuing 40,599,717 ordinary fully paid shares as creditor conversion shares, approved by shareholders at the recent General Meeting. This move reflects a strategic financial restructuring, potentially strengthening ZIMI Ltd’s financial position by converting debt into equity, which could have implications for its market stability and shareholder value.
More about ZIMI Ltd
Average Trading Volume: 193,308
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.48M
See more data about ZMM stock on TipRanks’ Stock Analysis page.