Synthomer CEO Defers Bonus into Shares, Aligning Interests with Shareholders

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Synthomer CEO Defers Bonus into Shares, Aligning Interests with Shareholders

Synthomer ( (GB:SYNT) ) has issued an update.

Synthomer PLC announced that its CEO, Michael Willome, has deferred part of his 2024 annual cash bonus into shares, purchasing 70,000 ordinary shares at a price of £1.184954 each, totaling £82,946.78. This transaction, conducted on the London Stock Exchange, reflects a strategic move that aligns the CEO’s interests with those of shareholders, potentially impacting the company’s market perception and stakeholder confidence.

More about Synthomer

Synthomer PLC operates in the chemical industry, specializing in the production of polymers and latex products. The company focuses on supplying materials for various applications, including coatings, adhesives, and healthcare products, serving a global market.

YTD Price Performance: -26.46%

Average Trading Volume: 436,170

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £193.7M

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

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