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Ebiquity Issues New Shares for Media Management Acquisition

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Ebiquity Issues New Shares for Media Management Acquisition

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The latest update is out from Ebiquity ( (GB:EBQ) ).

Ebiquity plc announced the issuance of 679,158 ordinary shares as part of the final deferred consideration for acquiring Media Management, LLC. These shares will be admitted to trading on AIM, aligning with the company’s existing shares. This move adjusts the company’s total voting rights to 138,993,435, impacting shareholder calculations under the Financial Conduct Authority’s rules.

Spark’s Take on GB:EBQ Stock

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

Ebiquity’s overall stock score reflects mixed financial performance and bearish technical indicators. The positive corporate events provide a counterbalance, demonstrating strategic initiatives and strong governance. However, profitability challenges and a negative valuation significantly impact the score.

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

More about Ebiquity

Ebiquity plc is a global leader in media investment analysis, providing independent, data-driven advice to brand owners to optimize media spending and improve business outcomes. The company offers services in Media Management, Media Performance, Marketing Effectiveness, and Contract Compliance, serving over 75 of the world’s top 100 advertisers with a comprehensive view of the global media market.

Average Trading Volume: 51,458

Technical Sentiment Signal: Strong Sell

Current Market Cap: £32.5M

Learn more about EBQ stock on TipRanks’ Stock Analysis page.

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