Harworth Group Expands Share Issuance Under Employee Incentive Plan

Harworth ( (GB:HWG) ) has issued an announcement.

Harworth Group plc has issued an additional 12,340 new ordinary shares at a nominal price of 10 pence each, as part of its 2019 Share Incentive Plan for employees. This issuance brings the total number of ordinary shares to 325,731,067, which shareholders can use to assess their interests under the Financial Conduct Authority’s rules. This move reflects Harworth’s ongoing commitment to employee incentives and could influence shareholder calculations and transparency obligations.

Spark’s Take on GB:HWG Stock

According to Spark, TipRanks’ AI Analyst, GB:HWG is a Outperform.

Harworth Group’s strong financial performance, characterized by significant revenue growth and stable profitability, is a key strength. Despite challenges in cash flow generation, the stock’s undervalued status and positive corporate events bolster its outlook. Technical analysis supports a stable and potentially upward-moving stock, further enhancing its appeal.

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

More about Harworth

Harworth Group plc is a leading land and property regenerator focused on sustainable developments. The company owns, develops, and manages a portfolio of over 15,000 acres of strategic land across more than 100 sites in the North of England and Midlands. Harworth specializes in transforming large, complex sites, particularly former industrial areas, into industrial and logistics developments and serviced residential land, aiming to create sustainable communities that support new homes, jobs, and living spaces.

Average Trading Volume: 196,106

Technical Sentiment Signal: Strong Buy

Current Market Cap: £564.5M

See more data about HWG stock on TipRanks’ Stock Analysis page.