13th Jan 2015 09:28
LONDON (Alliance News) - Ted Baker PLC said Founder and Chief Executive Ray Kelvin exercised options over 202,382 shares under the company Value Creation Plan Tuesday, worth GBP4.8 million.
Kelvin's shareholding will not increase as a result of the exercise as the shares are being placed in the market by Liberum Capital Ltd. The placing represents 0.46% of shares in issue .
Following this transaction, Kelvin holds 15.5 million shares, which represents 35.38% of the total voting rights.
Shares the British lifestyle brand were down 0.4% at 2,355.00 pence Tuesday morning.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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