Moonpig Group Plc (GB:MOON) has released an update.
Moonpig Group Plc has announced that Director Nickyl Raithatha has fulfilled the vesting conditions for his pre-IPO legacy awards, resulting in the allotment and immediate sale of 594,643 shares at £1.824816 each. Raithatha also met the threshold for his Long-Term Incentive Plan (LTIP), leading to an allotment of 41,428 shares at no cost, with some sold to cover taxes. After these transactions, Raithatha’s shareholding in the company stands at 4,720,929 shares, significantly above the required director’s shareholding threshold.
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