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Screenshot of a breaking news alert e-mail from Q2 2017
Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has made regulatory filings indicating that longtime employee and current COO Yuval Ziv exercised options over 300,000 ordinary shares in the company.
These options were granted under the company’s 2011 Global Share Option Plan.
Of the 300,000 options exercised, 60,000 were at a price of 121.0 pence per share and 240,000 were at a price of 225.5 pence per share. The shares received were immediately sold by Mr. Ziv, at 308.0 pence per share. The transaction thus netted Mr. Ziv a ‘cashless exercise’ profit of £310,200, or approximately USD $442,780.
Following the sale of these shares, Yuval Ziv’s shareholding in SafeCharge remains unchanged at 7,040 ordinary shares in the company, representing 0.005% of the company’s issued share capital. He also holds other SafeCharge employee options.
SafeCharge shares have risen nicely the past few weeks, after the company reported record Revenues for Q4-2017.