Tyman plc (GB:TYMN) has released an update.
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Tyman plc has announced the grant of a nil-cost option over company shares to CFO Jason Ashton as part of the annual bonuses, with 50% of Executive Directors’ bonuses being awarded in this manner. These shares are expected to vest in 2027 following the company’s audited results, but may vest earlier due to a proposed acquisition by Quanex Building Products Corporation, which would see all DSBP awards vest fully on the transaction’s effective date. The shares awarded to Ashton total 82,908, valued based on the average closing price prior to the award date.
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