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LONDON - James Fisher and Sons (LON:FSJ) plc, a UK-based marine service provider, has announced an application for a block listing of 228,748 ordinary shares at a unit price of 25 pence each. The shares are intended for admission to the Official List of the Financial Conduct Authority (FCA) and to trading on the Main Market of the London Stock Exchange (LON:LSEG) (LSE).
The company specified that the shares would be allotted as part of the James Fisher and Sons plc 2021 Long Term Incentive Plan (LTIP), which is designed to issue share awards to eligible participants over time. The expected effective date for the block admission is 27 May 2025.
Once issued, these ordinary shares will be fully paid and will rank pari passu with the existing issued ordinary shares of the company. This move is part of the company’s efforts to fulfill its obligations under the LTIP and facilitate the vesting of share awards.
James Fisher and Sons plc operates in the Energy, Defence, and Maritime Transport sectors, offering specialized services and pioneering solutions to a global clientele.
This block listing application is a routine process that allows the company to issue shares efficiently as they become due under the LTIP without the need to make separate applications for each issuance.
The company’s announcement, made via RNS, the news service of the London Stock Exchange, is part of its regulatory obligations and is intended to keep the market informed of the upcoming share listings. The information is based on a press release statement from James Fisher and Sons plc.
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