Greene King (GNK.L) CEO Rooney Anand has taken advantage of shares under the company option scheme which were due to expire in August 15 by exercising a option at 528p and selling 74751 shares for a total of £629747 at 842.46p this morning.
After the transaction is completed Anand now holds 467,265 shares in the group, representing a 0.21% stake.
Greene King (GNK.L) share price has been on a downtrend since the middle of february before mounting a slight recovery over the last few weeks, and although the exercised option was due to expire in August this may leave investors speculating that if the CEO is using this period to cash in then it maybe a sign that the companies fortunes may remain flat in the near term, however it remains to be seen whether this will spark any rush to sell by holders.
Greene King (GNK.L) performance was broadly flat today, finishing at 831.5p.
Greene King (GNK.L) CEO Rooney Anand has taken advantage of shares under the company option scheme which were due to expire in August 15 by exercising a option at 528p and selling 74751 shares for a total of £629747 at 842.46p this morning.
After the transaction is completed Anand now holds 467,265 shares in the group, representing a 0.21% stake.
Greene King (GNK.L) share price has been on a downtrend since the middle of february before mounting a slight recovery over the last few weeks, and although the exercised option was due to expire in August this may leave investors speculating that if the CEO is using this period to cash in then it maybe a sign that the companies fortunes may remain flat in the near term, however it remains to be seen whether this will spark any rush to sell by holders.
Greene King (GNK.L) performance was broadly flat today, finishing at 831.5p.
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