Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Eleco ( (GB:ELCO) ) has shared an update.
Eleco plc has announced the grant of 1,465,000 new share options as part of its 2014 Share Option Plan. The options include 450,000 nominal cost options for senior executives and 1,015,000 market-priced options for other employees. This move aims to incentivize growth in revenue, profit, and share price, with options vesting after three years if performance criteria are met. The issuance represents approximately 5.76% of the company’s issued share capital, indicating a strategic effort to align employee interests with company performance.
More about Eleco
Eleco plc is an AIM-listed specialist international provider of software and related services to the built environment. The company operates through brands such as Elecosoft, BestOutcome, PEMAC, Vertical Digital, and Veeuze, with centers of excellence in the UK, Ireland, Sweden, Germany, the Netherlands, Romania, and the USA. Eleco’s software solutions are used throughout the building lifecycle, supporting project management, estimation, visualization, Building Information Modelling (BIM), and property management.
YTD Price Performance: -10.17%
Average Trading Volume: 44,160
Technical Sentiment Signal: Sell
Current Market Cap: £110.6M
Learn more about ELCO stock on TipRanks’ Stock Analysis page.