14th Oct 2014 09:07
(An item published at 1625 BST Monday incorrectly stated the price Don Kenny sold the shares at due to a mistake by the Lavendon. The correct version is as follows.)
LONDON (Alliance News) - Lavendon Group PLC Monday said Chief Executive Don Kenny exercised options over a total of 169,743 shares under the company's long-term incentive plan. He then sold 92,481 shares at an average price of 187 pence per share, to settle his tax liability on the vesting of these awards, and transferred 77,262 shares to his wife, Jacqueline Kenny, Thursday.
Following this transaction, Kenny and his connected parties have a beneficial interest of 205,814 shares.
Shares were flat at 188.00 pence Tuesday morning.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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