BUZZ-Australia's ActivePort hits record low on discounted rights issue

Reuters

2024/10/10

** Shares of Australia's ActivePort Group fall as much as 51% to an all-time low of A$0.024

** Software firm announces undertaking a 3-for-4 renounceable rights issue to raise A$5.3 mln ($3.56 mln) at an issue price of A$0.02 per share

** Issue price at a discount of 59.2% to stock's last closing

** Funds raised will be used to advance new software projects, others - co

** Stock had fallen 76.5% this year by 2343 GMT

($1 = 1.4892 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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