Inchcape Directors Increase Stake Through Co-Investment Plan
Why we think this is neutral
This RNS announcement is related to directors purchasing shares through the company's Co-Investment Plan. While it provides details on the transactions, it does not contain any information about the company's financial performance, trading updates, or other significant news that would warrant a more positive or negative sentiment score.
Key Points
- Inchcape directors have purchased additional shares through the company's Co-Investment Plan
- The transactions involve both mandatory and voluntary investments in Inchcape shares
Summary
The automotive distributor and retailer Inchcape has announced that its directors have purchased additional shares through the company's Co-Investment Plan.
Inchcape plc has granted awards under the Co-Investment Plan (CIP) in line with the remuneration policy approved by shareholders. Any bonus earned over 100% of salary is paid in shares which is automatically invested into the CIP. Further voluntary shares may be made up to a maximum of 50% of salary with matching shares granted for each investment share purchased.
DIRECTOR DEALINGS