Etherstack (ASX:ESK) clarified that in its April 24, 2024, announcement it erroneously referred to fully-paid ordinary shares being canceled, when in fact it was the firm's Chess depository interests in respect of those ordinary shares that were canceled, according to a Friday Australian bourse filing.
The ordinary shares that were linked to the canceled Chess depository interests remain on issue, and are currently being held by the depositary, the filing said.
Its shares fell 3% in recent trading on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.