LONDON - Vp plc, a UK-based equipment rental company, reported on Thursday that Jeremy Pilkington, a person discharging managerial responsibilities, has exercised long-term incentive plan (LTIP) options in the form of 56,281 notional shares. These options were settled by a cash payment rather than the issuance of actual shares, resulting in no change to the number of shares owned or the percentage of the company held by shareholders.
The transaction, which occurred on Wednesday, involved notional shares exercised at zero pence, indicating that no actual shares were acquired or disposed of as part of the transaction. Consequently, there was no impact on the company's issued share capital.
Following this notification, it was disclosed that Jeremy Pilkington's total holding via Ackers P Investment Company Limited amounts to 20,181,411 shares, representing a 50.23% stake in the company. This information was formally relayed to Vp plc on the date of the transaction.
Vp plc has completed all necessary regulatory disclosures, including the notification of this transaction in accordance with the Disclosure and Transparency Rules (DTR 3.1.2 R) and the Companies Act of 2006 (section 793). The details of the transaction were provided by Vp plc's contact, Sally Jones, as per the requirements for notifications of transactions by persons with managerial responsibilities.
The company has not provided additional information regarding the context of the transaction or any potential implications for the market position of Vp plc. The details presented in this article are based on a press release statement by Vp plc, ensuring transparency and factual reporting of the event.
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