PageGroup Announces Transfer of Shares Between Nominee Accounts
Why we think this is neutral
The RNS announcement is a routine administrative update regarding the transfer of shares between nominee accounts, with no change in beneficial ownership. This type of announcement typically does not have a material impact on the company's performance or valuation.
Key Points
- Shares held on behalf of the Chief Financial Officer transferred between nominee accounts
- Transfer due to appointment of new share plan administrator, Global Shares Ireland Limited
- No change in beneficial ownership of the shares
Summary
The recruitment services provider has transferred shares held on behalf of its Chief Financial Officer between nominee accounts, with no change in beneficial ownership.
PageGroup plc, a leading recruitment consultancy and services provider, has announced the transfer and re-registration of shares held on behalf of its Chief Financial Officer, Kelvin Stagg, between nominee accounts. This is due to the appointment of Global Shares Ireland Limited, a J.P.Morgan company, as the new administrator of the company's share plans. The RNS states that there has been no change in the beneficial ownership of the shares as a result of this transfer.
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