Fleetwood Limited Announces Employee Share Scheme Buy-Back

An announcement from Fleetwood Limited ( (AU:FWD) ) is now available.

Fleetwood Limited has announced an employee share scheme buy-back involving 877,340 ordinary shares under its Long Term Incentive Plan (LTIP) for the fiscal years 2015 to 2018. The buy-back, priced at approximately $2.84 per share, will result in the cancellation of these shares, following the terms of the LTIP which allows for forfeiture upon employee departure or if shares remain unvested. This move is expected to streamline Fleetwood’s share structure and potentially impact its financial standing by reducing the number of outstanding shares.

The most recent analyst rating on (AU:FWD) stock is a Buy with a A$2.09 price target. To see the full list of analyst forecasts on Fleetwood Limited stock, see the AU:FWD Stock Forecast page.

More about Fleetwood Limited

Fleetwood Limited operates in the industry of providing long-term incentive plans and other financial services. The company focuses on employee share schemes and related financial operations, primarily targeting employee retention and motivation through share-based incentives.

Average Trading Volume: 249,132

Technical Sentiment Signal: Buy

Current Market Cap: A$252.6M

See more insights into FWD stock on TipRanks’ Stock Analysis page.