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De La Rue ( (GB:DLAR) ) just unveiled an announcement.
De La Rue plc has announced the completion of a court-sanctioned acquisition by ACR Bidco Limited, which involves the entire issued share capital of De La Rue. This acquisition, executed through a scheme of arrangement, has led to the completion of various employee share awards and option schemes. However, a performance share plan award granted to executives Clive Vacher and Ruth Euling in 2022 did not meet performance conditions and has lapsed.
Spark’s Take on GB:DLAR Stock
According to Spark, TipRanks’ AI Analyst, GB:DLAR is a Neutral.
De La Rue’s overall stock score is largely influenced by its poor financial health, marked by declining revenues and net losses. However, technical analysis shows some bullish momentum, and strategic corporate events hint at potential improvement. Despite these positives, the negative valuation metrics and shareholder changes present notable concerns.
To see Spark’s full report on GB:DLAR stock, click here.
More about De La Rue
De La Rue plc is a company operating in the security printing and papermaking industry, primarily known for producing banknotes, passports, and other secure documents. The company focuses on providing secure solutions to governments and businesses worldwide.
Average Trading Volume: 1,575,007
Technical Sentiment Signal: Buy
Current Market Cap: £254.4M
See more insights into DLAR stock on TipRanks’ Stock Analysis page.