SRT Marine Systems Director Exercises Options and Sells Shares
Why we think this is neutral
This RNS announcement is related to a director's personal transactions and does not contain any information about the company's trading, financials, or other key business updates. As a result, the sentiment is considered neutral.
Key Points
- Executive director granted 500,000 share options
- Exercised 175,000 options and sold the resulting shares
- Options vest over 5 years and are exercisable at nominal value
Summary
The executive director of the technology company has exercised share options and sold the resulting shares.
SRT Marine Systems plc, a global provider of maritime domain awareness systems, has announced that executive director Jean Francois Bonnin has been granted 500,000 share options, exercised 175,000 options, and sold the resulting shares. The options are exercisable at the company's nominal value and vest over a 5-year period. The shares were sold at an average price of 66.042 pence per share.
DIRECTOR DEALINGS