Ramsdens Holdings Cancels Share Options in Favor of Cash Bonuses

Ramsdens Holdings ( (GB:RFX) ) just unveiled an announcement.

Ramsdens Holdings PLC announced the cancellation of options granted under the Company Share Option Plan to certain personnel of its trading subsidiary, affecting 110,000 ordinary shares. The board decided to replace these options with a cash bonus from the company’s reserves, aiming to benefit shareholders by limiting the shares in issue while rewarding management for business growth.

More about Ramsdens Holdings

Ramsdens Holdings PLC is a diversified financial services provider and retailer, operating in four core business segments: foreign currency exchange, pawnbroking loans, precious metals buying and selling, and retailing of second-hand and new jewellery. The company, headquartered on Teesside, operates 169 stores across the UK and has a growing online presence. Ramsdens is fully FCA authorized for its pawnbroking and credit broking activities and functions as an authorized payment institution.

YTD Price Performance: -6.79%

Average Trading Volume: 80,691

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £68.1M

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