They're issuing new ADRs which I presume means that they are issuing new shares onto the share register and keeping them in the custody of BNYM. No point buying shares off the ASX and issuing new ADRs because the shareholders' equity would stays the same.
Ann: Preliminary Supplementary Prospectus for U.S. Offering, page-9
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.05M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $68.35K | 612.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21597 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 586547 | 41 |
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| Last trade - 11.59am 13/09/2024 (20 minute delay) ? |
| PLL (ASX) Chart |