BikeExchange (ASX:BEX) has reversed an allotment of 1,500,000 fully paid ordinary shares (Shares) issued to Elizabeth Smith on 10 January 2023 due to an administrative oversight.
The Company will release a corrected Appendix 2A and Change of Directors Interest Notice (Appendix 3Y) which will display the correct shareholding of Elizabeth Smith following the completion of the allotment reversal.
The Company will re-seek shareholder approval to issue the Shares to Elizabeth Smith at the next Shareholder General Meeting.