Tourism Holdings Issues New Shares Under Long-Term Incentive Scheme

The latest update is out from Tourism Holdings Limited ( (AU:THL) ).

Tourism Holdings Limited has issued 100,001 new ordinary shares following the exercise of an equal number of unlisted long-term incentive options at an exercise price of $1.57 per share, paid in cash. The issuance, made under the company’s 2017 Long Term Incentive Scheme and authorised under Listing Rule 4.6 and directors’ resolutions, represents about 0.05% of the existing share class and lifts the total number of ordinary shares on issue to 221,198,069, while 12,418,000 unlisted LTI options remain outstanding, resulting in a modest dilution for existing shareholders but reinforcing the company’s use of equity-based remuneration.

The most recent analyst rating on (AU:THL) stock is a Buy with a A$3.29 price target. To see the full list of analyst forecasts on Tourism Holdings Limited stock, see the AU:THL Stock Forecast page.

More about Tourism Holdings Limited

Tourism Holdings Limited is a New Zealand-listed company in the tourism and leisure sector, with its ordinary shares traded on the NZX under the ticker THL. The company issues ordinary shares and maintains unlisted long-term incentive (LTI) options as part of its capital and employee incentive structure.

Average Trading Volume: 10,740

Technical Sentiment Signal: Sell

Current Market Cap: A$398.4M

Learn more about THL stock on TipRanks’ Stock Analysis page.