Helios Underwriting Announces LTIP Exercise and Voting Rights Update
Why we think this is neutral
This RNS announcement does not contain any major news that would significantly impact the company's performance or outlook. It is a routine update on an executive's exercise of share options and the resulting change in the company's total voting rights.
Key Points
- Chief Operating Officer exercised 70,000 share options under the company's Long Term Incentive Plan
- 37,100 shares were transferred from the company's treasury, and 32,900 shares were settled in cash
- Mr Maitra now holds a 0.0475% beneficial interest in the company's shares
- The company's total issued ordinary share capital is now 78,110,302 shares, with 5,630,255 held in treasury
Summary
Helios Underwriting plc, the insurance company, has announced that its Chief Operating Officer, Mr Adhiraj Maitra, has exercised a vested nil cost option held under the company's Long Term Incentive Plan over 70,000 ordinary shares. The exercise was settled in part by the transfer of 37,100 shares from the company's treasury and in part with a cash payment. Following the transaction, Mr Maitra now holds a beneficial interest in 37,100 shares, representing 0.0475% of the current issued share capital. The company's total issued ordinary share capital now consists of 78,110,302 shares, of which 5,630,255 are held in treasury, leaving 72,480,047 shares with voting rights.