International Distribution Services Announces Share Allotment Following Acquisition

International Distributions Services ( (GB:IDS) ) has shared an announcement.

International Distribution Services plc announced the allotment of 6,344,937 ordinary shares to satisfy awards under its Deferred Share Bonus Plan and Long Term Incentive Plan following a successful cash offer by EP UK Bidco Limited. This move, which aligns with the UK Financial Conduct Authority’s rules, brings the total number of voting rights to 964,638,412, providing shareholders with a clear denominator for interest notifications.

The most recent analyst rating on (GB:IDS) stock is a Hold with a £360.00 price target. To see the full list of analyst forecasts on International Distributions Services stock, see the GB:IDS Stock Forecast page.

Spark’s Take on GB:IDS Stock

According to Spark, TipRanks’ AI Analyst, GB:IDS is a Neutral.

International Distributions Services’ overall stock score reflects its moderate financial performance and reasonable valuation. Technical indicators point to potential bearish momentum, but recent corporate events, including an acquisition and special dividend, provide positive prospects. Operational efficiency and cash flow challenges remain significant areas for improvement.

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

More about International Distributions Services

International Distribution Services plc operates in the logistics and distribution industry, focusing on providing postal and courier services. The company is known for its comprehensive delivery solutions and has a significant presence in the UK market.

Average Trading Volume: 3,921,910

Technical Sentiment Signal: Buy

Current Market Cap: £3.47B

For a thorough assessment of IDS stock, go to TipRanks’ Stock Analysis page.