Burford Announces That, In Connection With The Burford Capital 2016 Long Term Incentive Plan, It Has On April 8, 2024 Issued 533,066 New Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
Burford Capital announced the issuance of 533,066 new ordinary shares in connection with its 2016 Long Term Incentive Plan on April 8, 2024. This move is part of the company's strategy to incentivize and retain key employees.
April 10, 2024 | 11:28 am
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Burford Capital's issuance of new shares could dilute existing shareholders but also indicates a commitment to retaining talent.
The issuance of new shares typically leads to dilution of existing shareholders' equity, which can negatively impact the stock price in the short term. However, the purpose behind the issuance, which is to incentivize and retain key employees, could have positive long-term effects on the company's performance.
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