M.P. Evans Director Exercises Share Options and Adjusts Holdings

M.P. Evans ( (GB:MPE) ) just unveiled an announcement.

M.P. Evans Group PLC announced that its director, Mr. M H Coulson, exercised share options under the company’s Long Term Incentive Scheme, acquiring 13,748 shares at no cost. To cover tax and national insurance liabilities, Mr. Coulson sold 6,448 shares at £9.84 each and transferred 7,300 shares to his wife. This transaction leaves Mr. Coulson with 32,700 shares, representing 0.06% of the company’s issued share capital. The shares were provided from the M.P. Evans Group 2018 Employees’ Benefit Trust, maintaining the total number of shares with voting rights at 52,176,292. This transaction is in accordance with UK Market Abuse Regulation.

Spark’s Take on GB:MPE Stock

According to Spark, TipRanks’ AI Analyst, GB:MPE is a Outperform.

M.P. Evans is well-positioned for continued success, driven by strong financial performance and strategic growth initiatives. The company’s robust financial metrics, attractive valuation, and recent acquisitions support its growth potential. While short-term technical indicators suggest some caution, the overall outlook remains positive.

To see Spark’s full report on GB:MPE stock, click here.

More about M.P. Evans

YTD Price Performance: -0.40%

Average Trading Volume: 57,807

Technical Sentiment Signal: Sell

Current Market Cap: £516.5M

For a thorough assessment of MPE stock, go to TipRanks’ Stock Analysis page.