Marston's PLC Purchases Shares for Employee Benefit Trust
Why we think this is neutral
The RNS announcement is a routine update on the purchase of shares by Marston's PLC into their Employee Benefit Trust. It does not contain any significant news that would impact the company's performance or outlook.
Key Points
- Marston's PLC purchased 506,505 ordinary shares to be held in the Employee Benefit Trust
- The shares will be used to satisfy the exercise of share options by employees, including PDMRs
- The Employee Benefit Trust now holds a total of 1,681,540 ordinary shares, representing 0.265% of the company's issued share capital
Summary
The retailer has purchased over 500,000 ordinary shares to be held in its employee benefit trust.
Marston's PLC has announced that it has purchased 506,505 ordinary shares of 7.375 pence each in the company, which will be held in the Employee Benefit Trust. The shares will be used to satisfy the exercise of share options by employees, including Persons Discharging Managerial Responsibility (PDMRs).
GENERAL UPDATE