Filtronic (GB:FTC) has released an update.
Filtronic PLC, a company specializing in aerospace, defence, space and telecoms infrastructure, has issued 277,665 new Ordinary Shares due to an options exercise under its ESOP scheme. The CFO of Filtronic, Michael Tyerman, has exercised options for 110,397 shares and sold a portion to cover the exercise costs, increasing his stake to 0.3% of the firm. The new shares are expected to start trading on the AIM market on 9 September 2024.
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