Fannie Mae, Freddie Mac shares tumble after conservatorship comments
LONDON - Experian (OTC:EXPGF) plc, the global information services group, announced on Wednesday that it is set to add 50,000 ordinary shares to the Official List on the London Stock Exchange (LON:LSEG). The shares, each with a nominal value of US 10 cents, are slated for admission to trading on May 16, 2025.
The new shares will be issued under a block listing and are part of the Experian UK Tax-Qualified Sharesave Plan. Once issued, these shares will have the same rights as the existing ordinary shares of the company, known as ranking pari passu.
Experian, a FTSE 100 Index company with corporate headquarters in Dublin, Ireland, specializes in data and technology, offering services that span multiple industries including financial services, healthcare, automotive, agrifinance, and insurance. The company’s operations extend across 32 countries, employing a workforce of 22,500 people.
This move to increase the number of shares available for trading comes as part of Experian’s ongoing efforts to manage its capital structure and provide liquidity to its sharesave plan participants. The sharesave plan is a common employee incentive that encourages staff to save and invest in the company’s stock, often at a discounted price.
The information regarding the additional listing is based on a press release statement and has been officially communicated to the market through the RNS, a news service of the London Stock Exchange. The RNS is authorized by the Financial Conduct Authority in the UK to distribute primary information.
Investors and market watchers will be noting the addition of these shares to Experian’s capital as it reflects the company’s commitment to its employees and its confidence in the ongoing value of its stock. The exact impact of this additional listing on Experian’s stock performance will become clearer after the shares are admitted to the list and begin trading.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.