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Ocado Group Seeks Block Listing for Employee Share Schemes

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Ocado Group Seeks Block Listing for Employee Share Schemes

Ocado Group ( (GB:OCDO) ) has issued an announcement.

Ocado Group plc has applied for a block listing of 6,300,000 ordinary shares on the London Stock Exchange, intended to satisfy share awards under various employee share schemes. This move is expected to enhance employee engagement and retention, aligning with Ocado’s strategic focus on innovation and growth in the competitive online grocery market.

More about Ocado Group

Ocado Group plc operates in the online grocery retail industry, offering a range of services including automated warehouse solutions and logistics for grocery retailers. The company is known for its innovative technology in automated grocery fulfillment and has a significant market presence in the UK and partnerships internationally.

YTD Price Performance: -19.76%

Average Trading Volume: 9,371

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.56B

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

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