CA Sales Holdings Issues Additional Shares to Reward Employees and Boost Share Capital

CA Sales Additional Shares
  • CA Sales Holdings Limited has issued 1,632,904 new shares to settle options exercised by participants of the CA Sales Holdings Share Incentive Trust.
  • The issuance of additional shares increases CA Sales Holdings’ total issued share capital to 474,970,082 ordinary shares of no par value.
  • The company’s move highlights its commitment to employee participation, aligning their interests with the company’s growth and success.

CA Sales Holdings Limited (JSE: CAA) has announced the issuance of 1,632,904 new no par value ordinary shares. These shares were issued to settle options exercised by participants of the CA Sales Holdings Share Incentive Trust on May 12, 2023. The company’s Board of Directors made the official announcement on May 25, 2023.

The move highlights CA Sales Holdings’ commitment to encouraging employee participation and rewarding performance through stock options. By issuing additional shares to participants who exercised their options, the company aims to align their interests with the company’s growth and success.

The recent exercise of options by participants of the CA Sales Holdings Share Incentive Trust demonstrates their confidence in the company’s future prospects. This reaffirms CA Sales Holdings’ position as a reliable employer and underscores its dedication to fostering a culture of employee ownership.

Following the issuance of the new shares, CA Sales Holdings’ total issued share capital now stands at 474,970,082 ordinary shares of no par value. This reinforces the company’s strong equity structure and reflects its focus on shareholder value creation.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at

Related

Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:

Latest

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.