Director dealings: RS Group CEO invests, FRP Advisory CFO covers tax bill

28th Jul 2023 09:59

(Sharecast News) - RS Group was on the list of director buys on Friday, after its chief executive officer purchased almost £0.12m worth of shares.

The company said Simon Pryce picked up 16,400 shares on 27 July, in a single transaction on the London Stock Exchange.

Pryce paid 759.9285p for each share, valuing the transaction at a total of £124,628.27.

Elsewhere, FRP Advisory Group disclosed that on 28 July, its chief financial officer Gavin Jones exercised nil-cost options over 146,044 shares.

The options were satisfied using shares held in the company's Employee Benefit Trust.

Jones then sold 68,882 of the resulting shares at 118p apiece to satisfy personal income tax and national insurance liabilities arising on the option exercise.

Following the transactions, FRP said Jones beneficially held 145,343 of its shares, representing 0.06% of its issued share capital.

Reporting by Josh White for Sharecast.com.