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Johns Lyng Group Announces Quotation of New Securities

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Johns Lyng Group Announces Quotation of New Securities

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Johns Lyng Group Ltd ( (AU:JLG) ) has provided an announcement.

Johns Lyng Group Ltd has announced the application for quotation of 1,898,229 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating the company’s commitment to rewarding its workforce and potentially enhancing employee engagement and retention. The issuance of these securities could strengthen the company’s market position by aligning employee interests with corporate performance, ultimately benefiting stakeholders.

The most recent analyst rating on (AU:JLG) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.

More about Johns Lyng Group Ltd

Johns Lyng Group Ltd operates in the construction and building services industry, providing restoration and building services primarily focused on insurance-related work. The company is known for its expertise in managing and executing projects that require specialized knowledge in restoration and repair.

Average Trading Volume: 2,246,359

Technical Sentiment Signal: Hold

Current Market Cap: A$1.13B

For an in-depth examination of JLG stock, go to TipRanks’ Overview page.

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