Future plc CFO Sells Shares to Cover Tax Obligations

Future plc ( (GB:FUTR) ) has provided an update.

Future plc announced the sale of 5,792 shares by its Chief Financial Officer, Sharjeel Suleman, to cover taxes on the vesting of 12,261 ordinary shares awarded under the company’s 2023 Performance Share Plan. The original vesting date was postponed due to a closed period before the company’s half-year results announcement. This transaction reflects the company’s adherence to its 2023 Directors’ Remuneration Policy, with the remaining shares retained as part of the director’s shareholding requirement.

The most recent analyst rating on (GB:FUTR) stock is a Buy with a £13.10 price target. To see the full list of analyst forecasts on Future plc stock, see the GB:FUTR Stock Forecast page.

Spark’s Take on GB:FUTR Stock

According to Spark, TipRanks’ AI Analyst, GB:FUTR is a Neutral.

Future plc has a stable financial foundation with strong cash flow management and strategic capital initiatives like share buybacks. However, bearish technical trends and challenges in revenue growth pose short-term risks. Despite attractive valuation, the overall score reflects these mixed factors.

To see Spark’s full report on GB:FUTR stock, click here.

More about Future plc

Future plc is a platform for creating and distributing trusted, specialist content, operating around 200 brands across diversified content verticals. The company holds multiple market-leading positions and employs three core monetization frameworks: advertising, eCommerce affiliate, and direct consumer monetization through subscriptions and newsstand magazine sales. Future plc’s content is disseminated through various formats, including websites, email newsletters, videos, magazines, and live events. The company’s strategy focuses on growing engaged audiences, diversifying and increasing revenue per user, and optimizing its portfolio.

Average Trading Volume: 622,106

Technical Sentiment Signal: Sell

Current Market Cap: £672.6M

For detailed information about FUTR stock, go to TipRanks’ Stock Analysis page.