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LONDON - Keystone Law Group plc (AIM:KEYS) has issued 124,381 ordinary shares following the vesting of awards under its Long Term Incentive Plan (LTIP), according to a press release statement issued Friday.
The shares were allocated after beneficiaries achieved 85% of the performance criteria required for awards granted on June 7, 2022. The new shares will be admitted to trading on AIM on June 18, bringing the company’s total outstanding shares to 31,717,259.
Finance Director Ashley Miller received 16,251 shares through the vesting and subsequently sold 7,800 shares to cover associated tax obligations. Following these transactions, Miller now holds 237,347 shares, representing 0.75% of the company.
William Robins, identified as a Person Discharging Managerial Responsibilities (PDMR), also received 16,251 shares, bringing his total holdings to 184,867 shares or 0.63% of the company.
The newly issued shares will rank equally with existing ordinary shares in the company. Keystone Law describes itself as a tech-enabled platform law firm.
The company made the disclosure in accordance with Market Abuse Regulation requirements for PDMR notifications.
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