FERREXPO PLC recently disclosed several transactions involving the acquisition of beneficial interest in ordinary shares by its directors and senior managers. Nikolay Kladiev, a director, acquired 2,215 shares, while Yaroslavna Blonska, a senior manager, acquired 554 shares. Viktor Lotous, also a senior manager, acquired 2,802 shares, and Greg Nortje, another senior manager, acquired 3,088 shares. Additionally, Nortje sold 1,481 shares to settle tax and social security liabilities arising from the vesting of shares. All transactions took place on March 22, 2024, on the London Stock Exchange.
The transactions were a result of the vesting of a tranche of ordinary shares awarded under the Long-Term Incentive Plan ("LTIP"). The price per share for all acquisitions was GBP 0.4341. These transactions were reported as initial notifications, in compliance with the EU Market Abuse Regulation.
The disclosure provides insight into the company's commitment to incentivizing and rewarding its management team through the LTIP. It also demonstrates the confidence and alignment of interests between the company's leadership and its shareholders. These transactions reflect the ongoing engagement of FERREXPO PLC's key personnel in the company's long-term performance and growth.