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Chemring ( (GB:CHG) ) has provided an announcement.
Chemring Group PLC has announced the issuance of 571,620 new Ordinary Shares, which have been submitted for listing on the FCA’s Official List and trading on the LSE’s Main Market. This issuance is part of the deferred consideration for an acquisition made in December 2022, and the new shares will be fully paid and rank equally with existing shares, potentially strengthening the company’s market position and operational capacity.
More about Chemring
Chemring Group PLC operates in the defense and aerospace industry, specializing in the development of countermeasures, sensors, and energetic systems. The company focuses on providing advanced technologies and solutions for military and security applications.
YTD Price Performance: -8.53%
Average Trading Volume: 896,314
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £852.8M
For an in-depth examination of CHG stock, go to TipRanks’ Stock Analysis page.
