1st Aug 2014 14:19
LONDON (Alliance News) - Devro PLC Friday said Chief Executive Peter Page exercised options under various share plans Thursday.
He exercised a nil-priced option to acquire 58,025 shares following the vesting of share awards under the Devro 2009 Deferred Share Bonus Plan.
He exercised a nil-priced option to acquire 21,900 shares following the vesting of share awards under the Devro 2003 Performance Share Plan.
He sold 37,565 shares at a price of GBP2.5344 each, in order to fund the payment of income tax and National Insurance arising on the above transaction, with the balance of 42,360 shares being transferred into the name of his wife.
After completing these transactions, Page's holding has increased to 642,440 shares, or 0.38% of the company's issued share capital
The shares were down 0.9% at 252.75 pence Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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