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Technology One Limited ( (AU:TNE) ) has issued an announcement.
Technology One Limited has notified the ASX that 172,504 ordinary fully paid shares have been issued following the exercise or conversion of previously unquoted options or other convertible securities. The move modestly increases the company’s share capital and reflects ongoing participation in its long-term incentive or equity-based compensation arrangements, incrementally diluting existing shareholders while aligning management and employee interests with the company’s market performance.
The most recent analyst rating on (AU:TNE) stock is a Hold with a A$29.00 price target. To see the full list of analyst forecasts on Technology One Limited stock, see the AU:TNE Stock Forecast page.
More about Technology One Limited
Technology One Limited is an Australian enterprise software company listed on the ASX under the ticker TNE, providing ERP and related business software solutions to corporate, government and education customers.
Average Trading Volume: 1,105,473
Technical Sentiment Signal: Hold
Current Market Cap: A$8.92B
See more data about TNE stock on TipRanks’ Stock Analysis page.