Sabien Technology (GB:SNT) has released an update.
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Sabien Technology Group has issued 448,717 new ordinary shares to its non-executive directors, Charles Goodfellow and Ranald McGregor-Smith, in lieu of £43,750 of outstanding remuneration. This move supports the company’s cost-saving strategy and helps manage cash flow without diluting shareholder value in a challenging funding environment. Sabien’s shares will soon commence trading on AIM, increasing the total shares in issue to 25,027,383.
For further insights into GB:SNT stock, check out TipRanks’ Stock Analysis page.