LONDON - Bridgepoint Group plc, the international private equity group, has announced the upcoming issuance of 1,762,501 new ordinary shares as part of its Long Term Incentive Plan. These shares, each with a nominal value of £0.00005, will be admitted for trading on the London Stock Exchange (LON:LSEG)’s (LSE) main market. The company expects the shares to be listed on March 28, 2025, and they will be on equal footing with the existing ordinary shares.
Following the admission, Bridgepoint’s total issued share capital will consist of 825,563,402 ordinary shares with voting rights and a small number of deferred shares with various nominal values and no voting rights. Notably, none of the shares are held in treasury. This new total of voting rights, post-issuance, will serve as the reference point for shareholders to determine their notification obligations under the Disclosure and Transparency Rules of the Financial Conduct Authority.
The information regarding the additional listing is based on a press release statement provided by Bridgepoint. The company has not disclosed any further details on the specific distribution of the new shares under the incentive plan or the individual beneficiaries of these awards. The issuance of new shares is a common practice for fulfilling vesting awards and incentives for employees, aligning their interests with the company’s performance and shareholder value.
As the market anticipates the new shares’ listing, Bridgepoint’s share capital structure will slightly adjust, potentially influencing the stock’s liquidity and ownership distribution. However, the impact on the company’s market valuation and share price will depend on investor perception and the broader market conditions at the time of listing.
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