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LONDON - B&M European Value Retail S.A. (LON:BME) announced that two of its executives exercised nil-cost share options and subsequently sold portions of their shares to cover tax liabilities, according to a regulatory filing Thursday.
Supply Chain Director Jonathan Parry exercised 38,611 nil-cost share options related to a 2022 Restricted Share Award on August 12. He then sold 18,193 shares at £2.241 per share, generating £40,770.51 to discharge the associated tax liability.
In a separate transaction on the same day, Retail Director James Kew exercised 4,455 nil-cost share options from the same 2022 Restricted Share Award program. Kew sold 2,103 shares at £2.241 each, raising £4,712.82 to cover tax obligations.
Both transactions were executed on the London Stock Exchange’s Main Market, except for the initial options exercise which occurred outside a trading venue.
The company, which operates discount retail stores across the United Kingdom and France, made the disclosure as part of regulatory requirements for transactions by Persons Discharging Managerial Responsibilities (PDMRs).
The information was provided in a regulatory news service filing from B&M European Value Retail S.A.
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