XP Factory's Chief Officers Capitalize on Employee Share Scheme in Boost for Company’s Stock
In an unprecedented move, XP Factory’s leading officers have dug deep into their commitment to the organization, exploiting their company’s share incentive plan (SIP). The SIP provides eligible employees of this thriving tech firm the opportunity to purchase ordinary shares via monthly salary deductions. The shares then, aptly named Partnership Shares, further allow participants to acquire an additional ‘Matching Share’ at no cost for each purchased one.
On May 12, 2025, the trustee of the SIP, Link Group, notified XP Factory that the scheme had been utilized to purchase a total of 5,605 Partnership Shares in the market at a price of 13.3791 pence per share. This transaction was carried out on behalf of key figures within the company, including Chief Executive Officer, Richard Harpham, and Chief Financial Officer, Graham Bird, amongst other directors.
The dealings constitute an exciting development for the firm, encouraging greater loyalty from its employees, especially the participating directors, and further securing their financial commitment to the company’s future. This news underscores the power of innovative incentive schemes to galvanize employees, fostering a culture skewing towards shared interests and mutual success between employers and staff.
All eyes are now on XP Factory as investors and industry peers alike wait to see the long-term impact of this strategy on the company’s performance and growth in the increasingly competitive tech sector.
- •Director/PDMR Shareholding investegate.co.uk14-05-2025