17/09/2013 - 15:37

Dalgleish ups stake in RCR

17/09/2013 - 15:37

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Dalgleish ups stake in RCR

RCR Tomlinson managing director Paul Dalgleish has added over $6 million worth of shares to his stake in the engineering firm, through the exercise of options and the conversion of performance rights.

The company reported to the ASX that 248,186 of Mr Dalgleish's performance rights under RCR's long-term incentive plan had vested, at no cost to him.

In addition, Mr Dalgleish exercised more than 1.4 million 39-cent options, which were granted in June 2009, at a cost of $552,992.

With RCR's shares currently trading at $3.64 each, his newly-acquired shares are worth $6.1 million altogether.

Mr Dalgleish has also acquired 155,575 restricted shares under the company's 2013 short-term incentives plan, which only vest end-August 2015.

His total stake in RCR Tomlinson is currently worth $14.8 million.

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