PCCW Limited Issues New Shares for Employee Awards
PCCW Limited (HK:0008) has announced the issuance of 287,792 new shares under its General Mandate to reward selected employees through the PCCW Subscription Scheme. This issuance, a small percentage of total shares, does not require shareholder approval. The shares will be held in trust and transferred to employees at no cost upon meeting conditions. The current analyst rating for PCCW stock is a Hold with a price target of HK$6.00, and the company's market cap is HK$47.03B.
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PCCW Limited ( (HK:0008) ) just unveiled an update.
PCCW Limited has announced the issuance of 287,792 new shares under its General Mandate to satisfy the vesting of awards granted to selected employees under the PCCW Subscription Scheme. This issuance represents a minimal percentage of the total shares in issue and is intended to reward employees without requiring shareholder approval. The shares will be held in trust and transferred to employees at no cost upon meeting certain conditions, with the company funding the entire subscription cost.
The most recent analyst rating on (HK:0008) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on PCCW Limited stock, see the HK:0008 Stock Forecast page.
More about PCCW Limited
Average Trading Volume: 8,516,867
Technical Sentiment Signal: Buy
Current Market Cap: HK$47.03B
