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ISOTeam Issues 6 Million New Shares Under Performance Share Plan

Story Highlights
  • ISOTeam has issued 6,000,000 new ordinary shares under its 2023 performance share plan.
  • The new shares raise issued capital to 800,484,000 and signal ongoing use of equity incentives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ISOTeam Issues 6 Million New Shares Under Performance Share Plan

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An update from ISOTeam Ltd ( (SG:5WF) ) is now available.

ISOTeam Ltd has allotted and issued 6,000,000 new ordinary shares under its ISOTeam Performance Share Plan 2023 pursuant to the vesting of previously granted share awards. The new shares, which rank equally with existing shares, increase the company’s issued and paid-up share capital (excluding treasury shares) from 794,484,000 to 800,484,000 ordinary shares, marginally diluting existing holdings while reinforcing the firm’s use of equity-based incentives to retain and motivate key personnel.

More about ISOTeam Ltd

ISOTeam Ltd is a Singapore-incorporated company that operates as a group offering its services through various subsidiaries. The Group is listed on the Singapore Exchange and is involved in providing solutions through its capital and share-based incentive structures to align management and employee interests with shareholders.

Average Trading Volume: 2,414,250

Technical Sentiment Signal: Hold

Current Market Cap: S$68.33M

For detailed information about 5WF stock, go to TipRanks’ Stock Analysis page.

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