26th Sep 2013 16:01
LONDON (Alliance News) - Brammer PLC Thursday said as part of a divorce settlement Finance Director, Paul Thwaite, exercised options over 288,054 nil cost option awards under the company's performance share plan and 74,237 nil cost option awards under the share matching plan.
Thwaite subsequently disposed of all 362,291 shares at an average price of 460 pence per share.
Thawites still holds 1.0 million shares, which represents less than a 1% stake in the firm.
The stock closed at 462.50 pence Thursday, down 2.50 pence or 0.5%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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