RTN Share Incentive Scheme Award Neutral
REX TRUEFORM GROUP LIMITED - Dealings in securities by an associate of a director and by the Rex Trueform Share Incentive Scheme
Rex Trueform Group Limited
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What this filing means
Geomer Investments, an entity associated with CEO MA Golding, acquired R331,857 worth of shares to facilitate tax settlements for the company's share incentive scheme.
Bull case
- The acquisition of 24,582 'N' ordinary shares by Geomer Investments facilitates the settlement of tax liabilities for scheme participants.
- The transaction marginally increases the indirect beneficial interest of CEO MA Golding, as Geomer Investments continues to hold a stake.
Bear case
- The transaction constitutes an uncategorisable small related party transaction due to the CEO's associate acting as the buyer.
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