Cavendish Director Completes Shares Transfer
Why we think this is neutral
This RNS announcement is regarding a director's personal share transaction and does not contain any information about the company's financial performance, operations, or other key business updates. As a result, the sentiment is considered neutral as there is no significant impact on the company's outlook.
Key Points
- CFO Ben Procter completed a 'Bed and ISA' transaction
- Sold 233,659 shares at £0.073 per share
- Immediately repurchased 233,659 shares at £0.073 per share into his ISA
- Procter's total shareholding remains unchanged at 1,094,610 shares (0.28% of issued capital)
Summary
The CFO of the investment bank has completed a 'Bed and ISA' transaction, selling and then repurchasing shares within his ISA account.
Cavendish plc (AIM:CAV) has announced that its Chief Financial Officer, Ben Procter, has sold 233,659 ordinary shares at £0.073 per share and then immediately repurchased the same number of shares at the same price into his personal ISA account. This transaction did not result in a change to Procter's overall shareholding, which remains at 1,094,610 shares (0.28% of the company).
DIRECTOR DEALINGS