SigmaRoc Executives Exercise Options and Sell Shares, Insider Stakes Increase

SigmaRoc ( (GB:SRC) ) has provided an announcement.

SigmaRoc has announced that its Chairman, David Barrett, and Chief Executive, Max Vermorken, have exercised share options granted under the company’s 2016 Share Option Plan on a cashless basis, acquiring 3.9 million and 8.2 million shares respectively through the transfer of beneficial interests from the company’s Employee Benefit Trust. To meet employment tax obligations and provide net proceeds, the trust arranged the sale of 2.8 million Barrett shares and 6.0 million Vermorken shares to institutional investors, leaving Barrett with 5.16 million shares (0.46% of issued capital) and Vermorken with 3.24 million shares (0.29%). The total number of SigmaRoc shares in issue with voting rights remains unchanged at 1,114,854,530, indicating that while the transactions alter insider holdings and signal ongoing use of equity-based remuneration for senior management, they do not affect the company’s overall capital structure or shareholder voting base.

The most recent analyst rating on (GB:SRC) stock is a Buy with a £157.00 price target. To see the full list of analyst forecasts on SigmaRoc stock, see the GB:SRC Stock Forecast page.

Spark’s Take on GB:SRC Stock

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

SigmaRoc’s strong financial performance and positive technical indicators are the primary drivers of its stock score. The company’s robust revenue growth and operational efficiency are complemented by a stable balance sheet. However, the high P/E ratio and recent project setbacks slightly temper the overall outlook.

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

More about SigmaRoc

SigmaRoc is a quoted European lime and minerals group focused on the production of lime and limestone products, which are increasingly used in sustainability-linked applications such as lithium battery production and recycling, low-carbon construction materials, and environmental solutions including air pollution control and direct air capture. The company’s strategy is to invest in and acquire businesses in the fragmented lime and minerals sector, consolidating assets, extracting operational efficiencies, and enhancing safety, productivity and profitability to create value for shareholders.

Average Trading Volume: 3,432,785

Technical Sentiment Signal: Buy

Current Market Cap: £1.55B

For an in-depth examination of SRC stock, go to TipRanks’ Overview page.