On September 18, 2023, Andrew Shepherd, the CEO of Brooks Macdonald Group plc, informed the company of several share transactions that took place on September 15, 2023. Firstly, Shepherd exercised options to acquire 1,535 ordinary shares at a price of £11.72 per share under the 2020 Brooks Macdonald Group plc Sharesave Plan. These options were granted on May 13, 2020, and matured on June 1, 2023.
Secondly, Shepherd transferred 15,000 shares to his wife, Alison Shepherd, at a price of £18.85 per share. Lastly, Shepherd exercised options to acquire 2,067 shares at a price of £14.52 per share under the Brooks Macdonald Group plc 2013 Company Share Option Plan and sold the resulting shares at a price of £19.00 per share. These options were granted on November 21, 2013, and matured on November 21, 2016.
The transactions were conducted outside of a main market. The notification also includes the details of the person discharging managerial responsibilities, the reason for the notification, and the details of the issuer. The notification is made in accordance with the requirements of the UK Market Abuse Regulation.
No further information or details were provided in the news release.