ProCook CFO Exercises Share Options, Maintains Share Structure

An announcement from ProCook Group PLC ( (GB:PROC) ) is now available.

ProCook Group PLC announced that its Chief Financial Officer, Dan Walden, exercised 172,413 nil-cost ordinary share options, resulting in the acquisition of 91,380 ordinary shares. This transaction, settled through the ProCook Employee Benefit Trust, maintains the company’s total number of ordinary shares with voting rights at 108,956,624, without issuing new shares. This move reflects the company’s commitment to rewarding its management while maintaining its current share structure, which could influence investor confidence and market perception.

More about ProCook Group PLC

ProCook Group PLC is the UK’s leading direct-to-consumer specialist kitchenware brand. The company designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware, offering significant value for money. ProCook operates through its website and 65 retail stores across the UK, and has been listed on the London Stock Exchange since November 2021.

YTD Price Performance: -38.67%

Average Trading Volume: 45,438

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £25.06M

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