Bigblu Broadband plc (GB:BBB) has released an update.
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Bigblu Broadband PLC, a key player in alternative broadband services, has announced the exercise and subsequent sale of shares by CEO Frank Waters under the company’s Long Term Incentive Plan. Waters exercised options over 131,658 shares, selling them at £0.31 each, and simultaneously repurchased the same number of shares into his pension plan, increasing his stake to 0.776% of Bigblu’s issued share capital. The company has issued new shares to satisfy the option exercises, with trading expected to commence soon on the AIM market.
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