Kazera Global Director Sells Shares
Why we think this is neutral
This RNS announcement is related to a director's share dealings, which is not a mandatory news type that requires detailed analysis. The announcement provides information about the CEO exercising options and subsequently selling a portion of the shares to cover costs and taxes.
Key Points
- CEO Dennis Edmonds exercised 10,000,000 share options
- Edmonds sold 9,655,621 of the shares at £0.0145 to cover costs and taxes
- Edmonds' beneficial interest in the company has increased by 344,379 shares
Summary
Kazera Global plc, the AIM-quoted investment company, has announced that its Chief Executive Officer, Dennis Edmonds, has exercised 10,000,000 options over Ordinary shares and subsequently sold 9,655,621 of those shares at a price of £0.0145 to meet the associated exercise costs and estimated tax liabilities. Mr. Edmonds' beneficial interest in the Company has increased by 344,379 shares, and he now holds 16,840,510 Ordinary Shares, representing 1.71% of the Company's issued share capital.