Centamin PLC - Rule 2.9 Announcement
Portfolio Pulse from
Centamin PLC has issued 20,334,280 new ordinary shares, bringing its total issued share capital to 1,181,416,975 shares. This announcement is in accordance with Rule 2.9 of the City Code on Takeovers and Mergers.
November 20, 2024 | 11:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Centamin PLC has increased its issued share capital by issuing 20,334,280 new ordinary shares, now totaling 1,181,416,975 shares.
The issuance of new shares typically leads to dilution of existing shares, which can negatively impact the stock price in the short term. The increase in share capital is significant, and investors may react to the potential dilution.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100