Irish Continental Group Announces Director Shareholding Changes
Why we think this is neutral
The RNS announcement is a routine regulatory disclosure regarding changes in director/PDMR shareholdings in Irish Continental Group. It does not appear to have any material financial impact on the company's operations or performance.
Key Points
- PDMR Andrew Sheen has exercised options and vested awards under the company's Performance Share Plan
- Sheen has also sold a portion of his ICG Units
- The company has granted new options to Sheen under the Performance Share Plan
Summary
Irish Continental Group plc, the maritime transport company, has announced changes to the shareholdings of a PDMR, Andrew Sheen, the Managing Director of the Ferries Division. The changes include the exercise of previously vested options, the vesting and exercise of 2022 awards under the company's Performance Share Plan, the sale of ICG Units, and the grant of new options under the same plan. These transactions are in line with the company's remuneration policies and do not appear to have a material financial impact on the business.