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Ocado Group ( (GB:OCDO) ) has provided an announcement.
Ocado Group plc has applied for the listing of additional shares on the London Stock Exchange, with 465,413 shares to be issued to satisfy the Ocado Employee Share Purchase Plan. Additionally, a block listing application for 1,000,000 shares has been made, reserved for future share awards. These shares will rank equally with existing shares and are expected to be admitted for trading on 20 December 2024, potentially impacting the company’s capital structure and employee incentives.
More about Ocado Group
Ocado Group plc operates in the retail industry, primarily focusing on online grocery services through its proprietary technology and automated warehouses. The company is known for its innovative approach to e-commerce and logistics, leveraging its Ocado Smart Platform to enhance the efficiency of food retailing.
YTD Price Performance: -58.97%
Average Trading Volume: 3,449
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.24B
Learn more about OCDO stock on TipRanks’ Stock Analysis page.
