SSP Group Announces Director Shareholding Transaction
Why we think this is neutral
The RNS announcement is a routine notification of a director's share transaction, which does not contain any significant business updates or financial information. As such, it is a neutral news item that is unlikely to have a material impact on the company's performance or investor sentiment.
Key Points
- Group CEO transacted in ordinary shares following the automatic vesting of LTIP awards
- Shares sold to cover tax liabilities, with remaining shares subject to a two-year holding period
Summary
The major retailer has announced a director's share transaction, providing details on the vesting of long-term incentive plan awards and the subsequent sale of shares to cover tax liabilities.
SSP Group plc has announced that the Group CEO, Patrick Coveney, has transacted in the company's ordinary shares. The transactions include the automatic vesting of shares under the company's Long Term Incentive Plan (LTIP) for FY22, as well as the sale of a portion of the vested shares to discharge tax liabilities arising on the vesting. The remaining shares acquired on the vesting of the FY22 Award are subject to a two-year holding period.
DIRECTOR DEALINGS