Vodafone Executives Make Regulatory Share Transactions
Why we think this is neutral
The RNS announcement details routine regulatory disclosures of share transactions by Vodafone executives. While the Non-Executive Director's share purchase is a positive signal, the transfer of a large block of shares by the Investments CEO to a joint account is a neutral factor. Overall, this news is unlikely to significantly impact Vodafone's performance or valuation.
Key Points
- Non-Executive Director Simon Dingemans purchased 50,000 Vodafone shares
- CEO of Vodafone Investments Serpil Timuray transferred 4,090,728 shares to a joint account with her spouse
- Spouse Abdrurrahman Murat Timuray received the transferred shares
Summary
Vodafone Group Plc has announced regulatory disclosures of share transactions by two of its executives. Simon Dingemans, a Non-Executive Director, purchased 50,000 Vodafone shares at 65.725p per share. Serpil Timuray, the CEO of Vodafone Investments, transferred 4,090,728 Vodafone shares to an account held jointly with her spouse. The spouse, Abdrurrahman Murat Timuray, subsequently received these shares. The broker targets for Vodafone show a range of price targets and recommendations, with the most recent being a "Neutral" rating from Citigroup and an "Equal-weight" rating from Barclays.