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Delta Israel Brands Ltd Announces Stock Conversion Plan

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Delta Israel Brands Ltd Announces Stock Conversion Plan

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Delta Brands ( (IL:DLTI) ) just unveiled an update.

Delta Israel Brands Ltd has announced a change in their capital structure involving the conversion of blocked stock units to ordinary shares. This move involves the conversion of restricted stock units and blocked stock units held by Altshuler Shaham Trusts Ltd and Mizrahi Tefahot Registration Company Ltd, reflecting a shift in their securities registry. The conversion results in an increase of 7,619 ordinary shares, indicating a strategic realignment of stock options and employee shares within the company.

More about Delta Brands

YTD Price Performance: 19.78%

Average Trading Volume: 51,783

Current Market Cap: ILS1.76B

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

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