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Black Cat Syndicate Ltd. ( (AU:BC8) ) has issued an announcement.
Black Cat Syndicate Limited has expanded its issued capital following the exercise of various equity incentives, issuing 11,000 ordinary shares from unlisted options, 71,698 ordinary shares from employee options, and 612,833 shares from vested performance rights. The company’s total issued capital now comprises 727,711,656 fully paid ordinary shares and 26,016,604 options and performance rights on issue, reflecting continued utilisation of incentive securities and providing incremental equity to employees and option holders, which slightly dilutes existing shareholders but may better align management and staff interests with long-term shareholder value.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
More about Black Cat Syndicate Ltd.
Black Cat Syndicate Limited (ASX: BC8) is an Australian-listed company based in Perth, Western Australia. It operates in the resources sector, with its securities structure comprising fully paid ordinary shares along with a significant suite of unlisted options and performance rights used as part of its capital management and employee incentive arrangements.
Average Trading Volume: 5,099,805
Technical Sentiment Signal: Buy
Current Market Cap: A$1.02B
For detailed information about BC8 stock, go to TipRanks’ Stock Analysis page.