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Pacific Lime and Cement Limited ( (AU:PLA) ) has provided an update.
Pacific Lime and Cement Limited has applied for quotation on the ASX of 906,017 new CHESS Depositary Interests (CDIs) on a 1:1 basis, issued under an employee incentive scheme. The move modestly increases the company’s freely tradable securities and reflects the use of equity-based remuneration to align staff interests with shareholders, potentially strengthening employee retention and engagement without a major dilutionary impact on existing investors.
The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited operates in the building materials sector, focusing on the production and supply of lime and cement products. The company is listed on the Australian Securities Exchange under the ticker PLA and services markets that depend on construction, infrastructure and industrial materials.
Average Trading Volume: 591,805
Technical Sentiment Signal: Buy
Current Market Cap: A$236.4M
See more insights into PLA stock on TipRanks’ Stock Analysis page.