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Eleco ( (GB:ELCO) ) has provided an update.
Eleco plc has announced the issuance and allotment of 125,000 new ordinary shares following the exercise of options by an ex-employee under the 2014 Share Option Plan. These shares are expected to be admitted to trading on AIM by 14 March 2025, bringing the total number of ordinary shares in issue to 83,457,397, all with equal voting rights. This move reflects Eleco’s ongoing commitment to maintaining a robust capital structure and could potentially enhance its market positioning by increasing shareholder engagement.
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 by international customers throughout the building lifecycle, supporting project management, estimation, visualization, Building Information Modelling (BIM), and property management.
YTD Price Performance: -10.85%
Average Trading Volume: 29,078
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £109.6M
For a thorough assessment of ELCO stock, go to TipRanks’ Stock Analysis page.