The crystallisation of the employee plan highlights the value created through the GKN acquisition, benefiting from the strong performance from the restructuring programme and current positive trends in the aerospace sector. The impact of the scheme on our forecasts will be limited, having already assumed the full value the scheme would accrue. There are no changes to our valuation of 654p per share as set out in our previous note.

03 Jun 2024
Melrose Industries - Crystallisation of the 2020 Employee Share Plan

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Melrose Industries - Crystallisation of the 2020 Employee Share Plan
Melrose Industries PLC (MRO:LON) | 469 -1.4 (-0.1%) | Mkt Cap: 5,970m
- Published:
03 Jun 2024 -
Author:
David Larkam -
Pages:
3 -
The crystallisation of the employee plan highlights the value created through the GKN acquisition, benefiting from the strong performance from the restructuring programme and current positive trends in the aerospace sector. The impact of the scheme on our forecasts will be limited, having already assumed the full value the scheme would accrue. There are no changes to our valuation of 654p per share as set out in our previous note.