LONDON - Mortgage Advice Bureau (Holdings) plc (LSE:MAB1) disclosed that Deputy CEO Ben Thompson participated in the company's Share Incentive Plan on Monday, purchasing a total of 46 ordinary shares. The transaction involved the acquisition of 23 shares at a price of 636.0p each, with an equal number of matching shares provided by the company.
Under the terms of the Share Incentive Plan, employees of MAB have the opportunity to purchase shares, with the company matching their purchase. The regulatory filing made in accordance with the EU Market Abuse Regulation indicates that Thompson's transaction was conducted on the London Stock Exchange (LON:LSEG)'s AIM market.
This move by a high-ranking executive is often seen as a sign of confidence in the company's performance and prospects. The investment by Thompson brings attention to the company's incentive scheme, designed to align the interests of the staff with those of shareholders.
The company's notification, which complied with market transparency rules, provides a clear record of the transaction details. It's a routine disclosure that companies are required to make when directors or persons discharging managerial responsibilities engage in transactions involving the company's shares.
MAB has a legal entity identifier (LEI) of 2138008AY1RA61T6W960 and trades on the AIM segment of the London Stock Exchange. The company's share incentive plan is part of its broader employee compensation and retention strategy.
The information for this report is based on a press release statement from Mortgage Advice Bureau (Holdings) plc.
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