DS Smith Applies for Block Listing of 8.5 Million Shares

DS Smith ( (GB:SMDS) ) just unveiled an announcement.

DS Smith Plc has applied for a block listing of 8.5 million ordinary shares on the London Stock Exchange, which will facilitate 5 million options under its Performance Share Plan and 3.5 million options under its Sharesave Plan. This move is expected to enhance the company’s capital structure and provide equal ranking with its existing shares, potentially strengthening its market position and offering benefits to its stakeholders.

More about DS Smith

DS Smith Plc is a leading provider in the packaging industry, offering products and services focused on sustainable packaging solutions. The company has a strong market presence, emphasizing innovation and environmental responsibility in its operations.

YTD Price Performance: 10.98%

Average Trading Volume: 5,380,425

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £8.29B

For detailed information about SMDS stock, go to TipRanks’ Stock Analysis page.