LONDON (Alliance News) - RPC Group PLC said on Friday Chief Executive Pim Vervaat and Finance Director Simon Kesterton have both sold a significant amount of shares.
On Thursday, Vervaat sold 240,000 shares at an average price of 794 pence each, for GBP1.9 million.
Finance Director Kesterton on the same day disposed of 65,000 RPC shares at 795p, for a total of GBP516,750.
Neither of the directors' stakes after the sales were disclosed. RPC shares were 0.9% lower on Friday at 791p.
On Friday, Berry Global Group Inc confirmed its 793p per share cash offer for plastic packaging producer RPC is "final".
At the beginning on March, RPC agreed the 793p per share deal with US-based Berry Global, having previously agreed a 782p deal with Apollo Management IX LP.
The deals would value RPC at approximately GBP3.34 billion and GBP3.32 billion respectively.