In accordance with the provisions of the ArborGen 2021 LTI Plan (Plan), ArborGen Holdings today issued 127,315 new shares. Under the terms of Plan new shares are issued in three equal tranches, on the achievement of certain financial performance hurdles and continued employment by the Group.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Forsyth Barr says a premium valuation is now warranted.
The only worst performer is the Norwegian krone.
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