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RightMove offers senior duo £2 million share options

RightMove has signed off a new “Golden Hand Cuff” in total, with two most senior directors, based on the portal's current stock price.

CEO Johan Svantrom (main image, right), CEO will be given 183,759 free “performance shares” or options, with CFO Ruaridh Hook (left) at 97,440.

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Both will have to wait until March 2030 before you can sell right-wing stocks, setting stock prices and dividend growth targets.

Suppose Svanstrom's stock is worth just under £6.86, while Hook is worth just under £670,000.

Higher

However, given that shareholders have given these shares, there is no doubt that the stock price target will be much higher, just like potential payday in 2030.

Both awards are technically part of the Right Affiliated Performance Share Plan and are determined by the “Total Shareholder Earnings” standard and “Earn Per Share” growth.

Therefore, the more the pair makes many institutional shareholders happy in the right move, the more wealthy they become, and therefore, I would like to say that they are the company for another five years.

New options

The new option significantly increases the holdings of pairs of portals. Hook already had about £350,000 worth of shares in shares with shared options and other types of stock, while Svanstrom's existing holdings are worth £466,300.

Part of the reason for the generous “handcuffs” is that some shareholders were keen to raise the right move share price to the whimsical heights of 2022 when they peaked at nearly 8 pounds in Dizziness Heights in 2022 from the current £6.86.

Two weeks ago, the Portal revealed its annual results, revealing that despite the portal's number of agents increased by just 2%, revenues increased by £25.6 million (7%), up £389.9 million, and operating profit increased by £273 million, up £273 million.


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