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Director dealings: Mandarin Oriental's chief operating officer sells shares
(WebFG News) - Mandarin Oriental's chief operating officer, Christoph Wilhelm Mares, disposed of 740,866 shares in the hotel operator's equity at an aggregate price of $2.43 apiece, pocketing roughly $1.453m in the process.
The transaction was carried out on 24 April, after he had exercised 1.803m options on a net settlement basis at exercise prices of $1.35630, $1.57040, $1.61284 and $1.98823.
Both the exercise of the options and the follow-up sale of the shares were conducted outside of a trading venue, the company said in a statement.
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