Below shows recent purchases on SSP Group, anybody able to explain the array of £2.50 purchases? Are these company schemes?
They look like vested share options to me.
A total of 86,195,459 new ordinary shares in the capital of the Company (the “Placing Shares”) have been placed by Barclays Bank PLC, acting through its investment bank (“Barclays”), J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove (“J.P. Morgan Cazenove”), Goldman Sachs International (“Goldman Sachs”) and HSBC Bank plc (“HSBC” together with Barclays, J.P. Morgan Cazenove and Goldman Sachs, the “Joint Global Co-ordinators”) at a price of 250 pence per Placing Share (the “Placing Price”). Concurrently with the Placing, certain directors and members of the senior management team of the Company will subscribe (the “Subscription”) for an aggregate of 304,000 new ordinary shares in the capital of the Company (the “Subscription Shares”), at the Placing Price, pursuant to subscription letters entered into with the Company.