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Zotefoams ( (GB:ZTF) ) has issued an announcement.
Zotefoams plc has announced the conditional issuance of 400,000 new ordinary shares to its Employee Benefit Trust to support future share incentive schemes. This move, pending approval, will result in the company having a total of 49,246,234 ordinary shares in issue, impacting the voting rights calculations for shareholders. Admission of these shares to the London Stock Exchange is expected on April 22, 2025, marking a strategic step in enhancing employee engagement and aligning with shareholder interests.
More about Zotefoams
Zotefoams plc is a global leader in cellular materials technology, providing innovative material solutions across various markets. The company specializes in environmentally friendly manufacturing processes, producing lightweight AZOTE® polyolefin and ZOTEK® high-performance foams. Zotefoams also manufactures T-FIT® advanced insulation for industrial markets and licenses microcellular foam technology for reducing plastic use and creating recyclable packaging. Headquartered in Croydon, UK, Zotefoams operates manufacturing sites in the USA, Poland, Denmark, and China.
YTD Price Performance: -24.44%
Average Trading Volume: 144,657
Technical Sentiment Signal: Strong Buy
Current Market Cap: £115.2M
Find detailed analytics on ZTF stock on TipRanks’ Stock Analysis page.