Kitwave Group Executives Exercise Management Incentive Shares
Why we think this is neutral
This appears to be a routine regulatory announcement regarding the vesting and exercise of management incentive shares. There is no indication of any material financial impact to the business.
Key Points
- Chief Executive Officer and Chief Financial Officer have exercised their management incentive plan (MIP) options
- Resulting in the issuance of new ordinary shares
- No material financial impact to the business
Summary
The retailer announces its executives have exercised share options under a management incentive plan.
Kitwave Group plc (AIM: KITW) has announced that the Chief Executive Officer and Chief Financial Officer have exercised their management incentive plan (MIP) options, resulting in the issuance of new ordinary shares. This appears to be a routine regulatory announcement with no indication of any material financial impact to the business.
GENERAL UPDATE