Thursday, April 03, 2008
Pendragon directors net shares windfall
Pendragon’s board of directors have cashed in their net bonuses for 2007 to rake in a £142,000 pay out.
As part of their remuneration package, which under stock market rules governing plcs must be disclosed to the market, the four directors invested their bonuses for last year in Pendragon ordinary shares, which they then sold on.
Chief executive Trevor Finn sold just over 191,000 shares (less than 0.3 per cent of the group's issued capital) for almost £64,000 and the rest was split between chief operating officer Martin Casha, finance director David Forsyth and company secretary Hilary Sykes.
DATED: 03.04.08
FEED: MT
