CMC Markets has issued 700,000 new ordinary shares of 25p each to satisfy vesting of awards under the Group's Management Equity Plan 2015.
July 13, 2021, | AtoZ Markets – Global CFD and Forex broker, CMC Markets announced this Tuesday via a regulatory filing that it has issued 700,000 new ordinary shares which will be made available for trading on the London Stock Exchange’s (LSE) main market for listed securities.
According to the document published via the LSE’s news service, the UK-based brokerage firm has issued new ordinary shares to satisfy vesting of awards under the Group’s Management Equity Plan 2015.
The new ordinary shares are 25p each and will be admitted to the Official List of the UK Listing Authority. The UK-based trading provider expects that trading in the new batch of shares will commence on Thursday, July 15th, 2021.
The new 700,000 ordinary shares will rank ‘pari passu’, or side by side the existing issued ordinary shares of the Group.
At admission, the issued ordinary share capital of the Group will consist of 291,417,473 shares. The total number of voting rights in the Group will therefore be 291,417,473, the company said today.
This figure may be used by shareholders as the denominator to determine if they are required to notify their interests in, or a change to their interest in, the Group under the Disclosure Guidance and Transparency Rules.
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