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Ovzon AB ( (SE:OVZON) ) has shared an announcement.
Ovzon AB’s board has resolved, under existing AGM authorization, to conduct a directed issue of 764,178 C-shares linked to its long-term incentive programs LTIP 2024 and LTIP 2025, all of which will be subscribed by Danske Bank at par value, immediately repurchased by Ovzon, and later converted into common shares for delivery to program participants. The transaction is designed to secure shares for employee and management incentives and to cover related social security costs, using non-dividend-bearing, low-vote C-shares, thereby supporting the company’s long-term retention and alignment strategy without materially altering its dividend obligations while modestly affecting its capital and voting structure.
The most recent analyst rating on (SE:OVZON) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on Ovzon AB stock, see the SE:OVZON Stock Forecast page.
More about Ovzon AB
Ovzon AB is a Swedish provider of integrated mobile satellite communications, offering SATCOM-as-a-Service that combines high-throughput satellite networks, mobile terminals, gateway services and dedicated customer support. Its solutions target mission-critical connectivity for defense, national security and public safety customers worldwide, supported by its proprietary geostationary satellite Ovzon 3 and offices in Sweden and the United States; the company is listed on Nasdaq Stockholm Mid Cap.
Average Trading Volume: 453,917
Technical Sentiment Signal: Buy
Current Market Cap: SEK4.68B
See more insights into OVZON stock on TipRanks’ Stock Analysis page.