Wincanton plc (GB:WIN) has released an update.
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Wincanton plc has announced an application for over 1.4 million new ordinary shares to be listed on the FCA’s Official List and traded on the LSE’s main market. These shares, expected to be admitted by April 23, 2024, are part of incentive plans and are contingent on a court-sanctioned scheme of arrangement involving acquisition by GXO Logistics, Inc. Upon admission, the total issued share capital of Wincanton will be over 125 million shares.
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