Capita plc Announces Block Listing Application for 7 Million Shares

Capita plc ( (GB:CPI) ) just unveiled an update.

Capita plc has applied for a Block Listing of 7,000,000 ordinary shares on the London Stock Exchange, expected to be effective from 14 April 2025. This move, involving shares issued under the company’s executive and bonus plans, signifies Capita’s ongoing efforts to enhance its financial strategies and shareholder value.

Spark’s Take on GB:CPI Stock

According to Spark, TipRanks’ AI Analyst, GB:CPI is a Neutral.

Capita plc’s overall stock score reflects a challenging financial position, with strengths in valuation and positive corporate events partially offsetting weak technical indicators and financial performance. The company’s high leverage and negative cash flows pose risks, but recent insider buying and contract extensions provide optimism for future stability.

To see Spark’s full report on GB:CPI stock, click here.

More about Capita plc

Capita is a modern outsourcing company that assists clients in both the public and private sectors to manage complex business processes more efficiently, enhancing consumer experiences. With operations in eight countries, Capita’s 34,000 employees primarily serve UK and European clients with people-based services supported by leading technology, playing a crucial role in society.

YTD Price Performance: -16.83%

Average Trading Volume: 5,787,675

Technical Sentiment Signal: Strong Buy

Current Market Cap: £196.1M

Find detailed analytics on CPI stock on TipRanks’ Stock Analysis page.