News

Bomhard handed thousands of shares as he prepares to leave Inchcape

Advert

Time 1:13 pm, May 28, 2020

Inchcape chief executive Stefan Bomhard has been given thousands of shares as he prepares to leave the global luxury multi-brand automotive distributor and retailer.

He is heading to tobacco giant Imperial Brands, where he’ll become the group CEO.

In the meantime, a notification was made to the London Stock Exchange on May 27 about a transaction relating to Bomhard and his discharge of managerial responsibilities.


It states that 96,912 shares were involved in the transaction, comprising 65,884, which Inchcape told Car Dealer Magazine was an exercise of award for a performance share plan, and 31,028 that Inchcape said were sold to cover the tax and National Insurance payable on the 65,884 shares.

This means that Bomhard has been given 34,856 shares. With Inchcape’s stock currently at £5 a share, it puts the combined value at £174,280.

Duncan Tait takes over as Inchcape CEO on July 1.


More: Inchcape reveals revenue drop of 32 per cent in first quarter of 2020

More: Inchcape reveals new CEO who’ll take over from Stefan Bomhard

John Bowman's avatar

John has been with Car Dealer since 2013 after spending 25 years in the newspaper industry as a reporter then a sub-editor/assistant chief sub-editor on regional and national titles. John is chief sub-editor in the editorial department, working on Car Dealer, as well as handling social media.



More stories...

Auto Trader Advert
Server 108