Moonpig Group PLC Director, Nickyl Raithatha, recently completed several transactions related to pre-IPO legacy awards and LTIP awards. The pre-IPO legacy awards, based on financial performance conditions, resulted in the vesting of the second tranche of 594,643 shares, which were all sold on the same day. Additionally, 41,428 shares from the LTIP awards were allotted to the Director, with 19,570 shares immediately sold to cover income tax and NI liabilities and dealing costs. The remaining shares are subject to a two-year post-vesting holding period.
Following these transactions, Nickyl Raithatha now holds 4,720,929 shares in Moonpig Group PLC, representing 1,387% of his salary, well above the shareholding requirement for a Director, which is 300% of salary.
The transactions were detailed as allotment of new issue shares to satisfy the final tranche of pre-IPO legacy share award, sale of shares awarded under the final tranche of pre-IPO legacy share award, allotment of new shares under LTIP award, and sale of sufficient shares to cover income tax and national insurance due on shares vesting under LTIP award.
The prices per share for the transactions were 1.824816, and the dates of the transactions were on 4 July 2024. The first and third transactions took place outside of a trading venue, while the second and fourth transactions occurred on XLON.
This notification provides insight into the recent shareholding activities of a Director at Moonpig Group PLC, shedding light on the vesting and selling of shares related to pre-IPO legacy awards and LTIP awards.