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Beauty Tech Group CTO Donates 300,000 Shares to Charitable Trust While Retaining 4.7% Stake

Story Highlights
  • Beauty Tech Group CTO Andrew Showman has transferred 300,000 ordinary shares to a charitable trust for no consideration.
  • Despite the locked-in charitable transfer, Showman still holds about 4.7% of Beauty Tech Group’s issued share capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Beauty Tech Group CTO Donates 300,000 Shares to Charitable Trust While Retaining 4.7% Stake

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An update from Beauty Tech Group Plc ( (GB:TBTG) ) is now available.

The Beauty Tech Group plc has disclosed that its Chief Technology Officer and PDMR, Andrew Showman, has transferred 300,000 ordinary shares to The Prism Charitable Trust, acting on behalf of The Yankelson-Showman Charitable Trust, for no consideration. The shares are subject to existing lock-in arrangements, with the Trust agreeing to be bound by the same restrictions, and following the transaction Showman retains an interest in 5,243,752 ordinary shares, representing about 4.7% of the company’s issued share capital, signalling that his overall stake in the group remains substantial despite the charitable transfer.

More about Beauty Tech Group Plc

The Beauty Tech Group plc is a Cheshire, UK-headquartered company listed on the London Stock Exchange (LSE: TBTG) and positioned as a global leader in the fast-growing at-home beauty technology market. Through its premium brands CurrentBody Skin, ZIIP Beauty and Tria Laser, the group develops, manufactures and retails at-home beauty devices that use professional-grade aesthetic technologies such as LED light, radio frequency, microcurrent and laser therapies, selling both via direct-to-consumer e-commerce channels and selected international retailers.

Average Trading Volume: 212,098

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