Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Eleco ( (GB:ELCO) ) has provided an update.
Eleco plc has announced the issuance and allotment of 20,000 new ordinary shares following the exercise of options by Jonathan Hunter, the company’s CEO, under the 2014 Share Option Plan. This move increases Hunter’s shareholding to 48,361 ordinary shares, representing 0.06% of the company’s issued share capital. The new shares are set to be admitted to trading on AIM, with the total number of voting rights in the company reaching 83,332,397. This development reflects Eleco’s ongoing commitment to aligning management interests with shareholder value, potentially impacting its market positioning and stakeholder confidence.
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 its brands 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 utilized throughout the building lifecycle, supporting project management, estimation, visualization, Building Information Modelling (BIM), and property management.
YTD Price Performance: -4.07%
Average Trading Volume: 30,282
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £117.9M
For a thorough assessment of ELCO stock, go to TipRanks’ Stock Analysis page.