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SiteMinder Limited Issues 500,000 Shares for Employee Trust

Story Highlights
  • SiteMinder Limited issues 500,000 shares to support its Employee Share Trust.
  • The issuance aims to align employee interests with company growth by distributing shares upon option exercise.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SiteMinder Limited Issues 500,000 Shares for Employee Trust

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SiteMinder Limited ( (AU:SDR) ) has issued an announcement.

SiteMinder Limited has announced the issuance of 500,000 ordinary fully paid shares to Solium Nominees (AUS) Pty Ltd, acting as the trustee for SiteMinder’s Employee Share Trust. This move is designed to facilitate the distribution of shares to management and employees upon the exercise of their options and performance rights, potentially enhancing employee engagement and aligning their interests with the company’s growth objectives.

The most recent analyst rating on (AU:SDR) stock is a Buy with a A$6.45 price target. To see the full list of analyst forecasts on SiteMinder Limited stock, see the AU:SDR Stock Forecast page.

More about SiteMinder Limited

SiteMinder Limited operates in the technology industry, providing cloud-based software solutions for the hospitality sector. The company focuses on helping hotels and other accommodation providers manage their online presence and distribution channels effectively.

Average Trading Volume: 1,006,009

Technical Sentiment Signal: Buy

Current Market Cap: A$1.87B

For detailed information about SDR stock, go to TipRanks’ Stock Analysis page.

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