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Johns Lyng Group Ltd ( (AU:JLG) ) has provided an update.
Johns Lyng Group Limited announced the issuance of 265,195 fully paid ordinary shares following the exercise of call options related to business partner deeds for Restorx. This move, conducted without disclosure under Part 6D.2 of the Corporations Act, signifies compliance with relevant legal provisions and suggests a strategic effort to strengthen partnerships and enhance operational capacity.
The most recent analyst rating on (AU:JLG) stock is a Buy with a A$5.03 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited (JLG) is an integrated building services group that provides building and restoration services across Australia and the US. The company specializes in rebuilding and restoring properties and contents after damage from insured events such as impact, weather, and fire. Established in 1953, JLG has expanded into an international business with over 2,300 employees, serving a diverse client base including major insurance companies, commercial enterprises, governments, body corporates, and retail customers.
Average Trading Volume: 1,964,797
Technical Sentiment Signal: Hold
Current Market Cap: A$1.1B
See more insights into JLG stock on TipRanks’ Stock Analysis page.