Persimmon Adds Shares to Cover Employee Performance Awards
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Persimmon has announced the issuance of 54,294 new ordinary shares to fulfill employee performance awards under its 2017 Performance Share Plan. This brings the total shares to 321,173,487, resulting in slight dilution for existing shareholders. The shares were admitted to trading without a new prospectus, indicating a routine capital market operation. Analysts rate Persimmon stock as a Buy with a £1591.00 price target, though concerns about cash flow and profitability persist, leading to a Neutral rating from TipRanks’ AI Analyst.
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