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ProCook’s Deputy Chair Transfers 1.5m Shares With No Change to 35.65% Stake

Story Highlights
  • ProCook director Daniel O’Neill transferred 1.51 million shares into his own name.
  • The transaction leaves his beneficial stake unchanged at 35.65 percent of ProCook’s capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ProCook’s Deputy Chair Transfers 1.5m Shares With No Change to 35.65% Stake

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

ProCook Group plc disclosed that Non-Executive Director and Deputy Chair Daniel O’Neill has transferred 1,510,000 ordinary shares from a brokerage account into his own name, a move that does not alter his or his connected persons’ overall beneficial holding, which remains at 38,846,902 shares, or 35.65% of the company’s issued share capital. The administrative transfer, reported under UK Market Abuse Regulation, leaves ProCook’s ownership structure and control dynamics unchanged, but underlines the sizeable stake retained by a key board member in the listed kitchenware group.

The most recent analyst rating on (GB:PROC) stock is a Hold with a £42.00 price target. To see the full list of analyst forecasts on ProCook Group PLC stock, see the GB:PROC Stock Forecast page.

Spark’s Take on GB:PROC Stock

According to Spark, TipRanks’ AI Analyst, GB:PROC is a Neutral.

ProCook Group PLC’s stock score is driven by strong financial performance and positive technical indicators. However, high leverage and overvaluation are significant risks. The lack of earnings call and corporate events data limits additional insights.

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

More about ProCook Group PLC

ProCook Group plc is the UK’s leading direct-to-consumer specialist kitchenware brand, designing, developing and retailing a high-quality, largely own-brand range of kitchenware that is direct-sourced to offer strong value for money. The company sells through its website and a nationwide estate of 75 own-brand stores, employs more than 700 staff from its Gloucester support centre, and positions itself as a socially responsible B Corp and Real Living Wage employer; it has been listed on the London Stock Exchange since November 2021.

Average Trading Volume: 35,025

Technical Sentiment Signal: Buy

Current Market Cap: £40.2M

Find detailed analytics on PROC stock on TipRanks’ Stock Analysis page.

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