4th Mar 2014 16:48
LONDON (Alliance News) - ISG PLC Tuesday said Chief Executive Officer David Lawther exercised options over 183,422 shares at an exercise price of 176.5 pence each under its unapproved share option plan, and the company chose to satisfy the options by issuing him with 75,761 shares, representing the value of the gain made on the options based in a market price of 300 pence a share.
Lawther then sold all the shares issued for 300 pence each.
Following this, Lawther continues to hold an interest in 195,706 shares, representing 0.5% of the total issued share capital.
ISG shares were down 1.7% at 295.00 pence Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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